BlackRock (BLK) is in discussions with Izzy Englander’s Millennium Management to acquire a minority interest in his $70B hedge fund, Bloomberg’s Hema Parma and Silla Brush report, citing people familiar with the matter. The talks are in preliminary stages and may not result in an agreement, the authors note.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLK:
- Wall Street institutions loan over $11B to ‘neocloud’ companies, WSJ says
- BlackRock’s Crypto Moves Outshine U.S. Election Drama
- BlackRock in advanced talks to acquire HPS, Bloomberg reports
- Is Microsoft (NASDAQ:MSFT) Leading in the AI Arms Race?
- BlackRock (NYSE:BLK) Launches New ETFs Focused on Artificial Intelligence