BlackRock Mulls Over Buying Minority Stake in Millennium Management

BlackRock Inc. (BLK) is negotiating with Millennium Management to acquire a minority stake in the hedge fund, according to people familiar with the matter. This was first reported by The Financial Times. Millennium, one of the world's leading hedge funds, was founded by Israel Englander in 1989 and currently manages roughly $70 billion in assets. The discussions between BLK and Millennium are in the initial phase and may not lead to a finalization of the deal. Reasons Behind BLK's Pursuit This move aligns w ...