Hedge fund Millennium Management is in discussions with Goldman Sachs’ Petershill Partners to explore potential buyers for a minority stake in its management company, according to a report by the Financial Times on Wednesday.
The report suggests that some of Millennium’s largest investors could be interested in acquiring the stake. However, it also notes that Millennium may ultimately choose not to proceed with Petershill.
Earlier in November, Reuters reported that BlackRock was in preliminary talks with Millennium Management about a strategic partnership, which could involve acquiring a minority stake in the hedge fund.
Petershill, managed by Goldman Sachs, specializes in acquiring minority stakes in hedge funds and private equity firms.
Millennium Management, founded by Israel Englander, is one of the world’s largest hedge funds, managing over $73 billion in assets.
Both Goldman Sachs and Millennium Management have declined to comment on the matter.
Related topics:
