Saturday, 10 October 2015
Last updated 13 hours ago
Aug 30 2011 | 2:20pm ET
Millennium Management, in talks to sell a minority stake in itself to a private equity firm, has been spared the worst of August's ravages.
While many of the $11 billion New York-based firm's peer's nurse double-digit losses, Millennium is down just 1% this month, Opalesque reports. The month's decline leaves Millennium up about 5% on the year.
Last month, it was reported that Millennium founder Israel Englander was in advanced talks with Foundation Capital Partners about having the latter buy a stake of less than 20% in the hedge fund for between $300 million and $500 million. Foundation is headed by former Citigroup hedge fund chief Dean Barr.
Englander, 62, reportedly has no plans to retire.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…