Jul 25 2011 | 2:31pm ET
Millennium Management is poised to sell a minority stake to a private equity firm led by the former head of Citigroup's hedge fund unit.
Israel Englander, Millennium's founder, and Foundation Capital Partners are in advanced talks about having the latter buy less than 20% of the New York-based hedge fund giant, which has more than $11 billion in assets under management. A deal remains uncertain, although Foundation Capital would pay between $300 million and $500 million for the stake.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…