(Reuters) -Millennium Management has sold a 15% stake to a group that included some of its largest institutional investors, the Financial Times reported on Monday, citing an email to staff. The equity investments were made through funds managed by Goldman Sachs’ Petershill Partners, the report said. Millennium did not immediately respond to a request for […]
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Hedge fund Millennium sells 15% stake to select investors, FT reports
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(Reuters) -Millennium Management has sold a 15% stake to a group that included some of its largest institutional investors, the Financial Times reported on Monday, citing an email to staff.
The equity investments were made through funds managed by Goldman Sachs’ Petershill Partners, the report said.
Millennium did not immediately respond to a request for comment.
Reuters had reported in June that Millennium was in talks to sell a minority stake at a $14 billion valuation.
Founded by billionaire Israel Englander, Millennium manages more than $79 billion in asset classes including equities, fixed income and commodities.
(Reporting by Ateev Bhandari and Arasu Kannagi Basil in Bengaluru; Editing by Pooja Desai)