(Reuters) – BlackRock stays in early-stage communicate with take a minority danger in hedge fund Millennium Management, the Financial Times reported on Thursday, declaring people acquainted with the state of affairs.
The talks go to an onset and may not lead to a cut price, the file acknowledged, together with that any sort of fairness danger is most definitely to be little.
If the supply have been to seem, it might actually notice the very first time that Millennium proprietor Izzy Englander has really taken open air monetary funding within the agency, ft acknowledged.
Millennium decreased to remark. BlackRock didn’t shortly react to a Reuters ask for comment.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shailesh Kuber)
