Goldman Dangles Millennium Hedge Fund Stakes for $1 Million (2)

For just $1 million, investors are being offered a slice of one of the world’s largest hedge fund firms.

Goldman Sachs Group Inc. is offering clients a stake in Izzy Englander’s Millennium Management for a minimum commitment of $1 million and as much as $20 million, according to documents being circulated by the bank.

Israel “Izzy” Englander, chief executive officer of Millennium Management

Photographer: Ronda Churchill/Bloomberg

Millennium, which oversees more than $78 billion, is seeking buyers for a 10% to 15% equity stake in the firm at a roughly $14 billion valuation. At the higher end of the range that would mean a $2 billion money raise, with roughly half ...