Millennium Snags London Multi-Strat Hedge Fund

Mar 4 2008 | 10:10am ET

New York-based Millennium Capital Management has acquired the assets of Castlegrove Capital, a London-based multi-strategy hedge fund active. As part of the transaction, a number of Castlegrove portfolio managers and other employees will joins Millennium’s affiliate in London, Catapult Capital Partners.

Terms of the transaction were not announced.

Israel Englander, chairman of Millennium, said the acquisition gives the firm “a broader base in Europe” and it will “continue to participate actively in the consolidation of the hedge fund industry.”

The Millennium Group of investment managers currently has approximately $13 billion in assets under management.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...