Thursday, 28 May 2015
Last updated 9 hours ago
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.
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…