(HedgeCo.Net) In what may prove to be one of the most consequential developments in the evolution of the hedge fund industry, BlackRock is reportedly in advanced discussions to acquire a minority stake in Millennium Management, the multi-strategy platform founded and led by Izzy Englander. While details of the proposed transaction remain closely guarded, the implications are anything but subtle: if consummated, the deal would mark the first time in Millennium’s 35-year history that the firm has...
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