Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com -- Millennium Management, the hedge fund giant, is in discussions to sell a minority stake in its management company, according to a Financial Times report on Monday.
The deal values the company at $14 billion, based on information from people familiar with the discussions. Millennium is working with Goldman Sachs’ Petershill Partners to find potential buyers for a 10% to 15% equity stake in its management company.
When contacted, both Millennium and Petershill did not provide immediate responses to requests for comment.
Millennium Management currently oversees more than $75 billion in assets across various classes, including equities, fixed income and commodities. The company has a workforce exceeding 6,200 people, according to information on its website.
The hedge fund was established in 1989 by billionaire Israel Englander with initial capital of $35 million.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.