Sunday, 2 August 2015
Last updated 2 days 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…