Sunday, 21 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.