Millennium Management divests 15% stake to investor group

Millennium Management has reportedly sold a minority stake representing around 15% to a group of investors in a deal valued at up to $2bn. This move marks the first time that its founder Izzy Englander has sold equity in the company’s close to four-decade history, reported Financial Times. It also represents a shift in the ownership structure of the New York-based hedge fund, which was previously entirely owned by Englander and related entities. The transaction values Millennium at about $14bn. Millenn ...