Folks aware of the matter instructed the FT the acquisition could be a part of a wider partnership between the asset administration big and the hedge fund, consistent with BlackRock’s growth into different investments.
Singular BlackRock fund fails to ship worth throughout energetic arsenal
Though there isn’t any assure that the discussions will end in a deal, if profitable, the sale of a minority stake to BlackRock would mark the primary time in Millennium’s 35-year historical past that founder Izzy Englander had taken exterior funding for the corporate.
Final yr, Millennium held talks to pa…
