BlackRock May Mull Millennium Stake: Evening Briefing Americas

Two Wall Street giants are taking a look at each other. BlackRock is said to be in talks with Izzy Englander’s Millennium Management to take a minority stake in his $70 billion hedge fund. Millennium, one of the world’s largest hedge funds, has never sold a portion of its business to a third party. Last year, it was in talks with Schonfeld Strategic Advisors for a partnership agreement, but they fell apart months later. BlackRock, the world’s biggest asset manager, has expanded aggressively into alternative assets over the past year, an effort by Chief Executive Officer Larry Fink to transform the company into a one-stop ...