Official financial disclosures from BlackRock or Millennium Management, major financial news outlets

BlackRock in Talks to Acquire Minority Stake in $70B Hedge Fund Millennium Management

Nov 8, 2024, 07:09 AM

BlackRock Inc. ($BLK) is reportedly in preliminary discussions to acquire a minority stake in Millennium Management, a hedge fund managed by Izzy Englander with assets totaling $70 billion. The potential strategic partnership aims to help BlackRock, the world’s largest asset manager, expand its presence in the fast-growing alternatives sector. While the talks are still in early stages, it remains uncertain if a deal will be finalized.