PANews reported on November 8 that according to the Financial Times, the world's largest asset management company BlackRock is in preliminary talks with hedge fund giant Millennium Management to acquire a stake in the company through strategic cooperation. If the deal is reached, it will mark the first time that Millennium founder Izzy Englander has accepted external investment in the company's 35-year history.
BlackRock has been actively expanding its alternative investments in recent years, acquiring Global Infrastructure Partners and data provider Preqin, and is in talks with private credit management company HPS. Millennium is regarded as one of the pioneers of multi-manager hedge funds, with $69.5 billion in assets under management and an average annual return of about 14%.
As previously reported, hedge fund Millennium Management held 27,263 bitcoins as of June 30 .
