BlackRock in talks to take minority stake in Millennium

Quick Summary:

Since the start of the year, the group has struck deals to buy Global Infrastructure Partners and Preqin, an alternatives data provider, and is in talks with private credit manager HPS.

He established a trustee advisory board; secured Millennium’s capital base by moving the vast majority of investors into a long-term share class that takes five years to fully redeem; and has built out its leadership team — notably with senior hires from Goldman Sachs.

Millennium, which has more than 330 investment teams operating within strict risk controls, at present has just one flagship fund which has gained 10 per cent in the first 10 months of the year.

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Article Details

Author / Journalist: Harriet Agnew

Category: MarketsFinanceInvesting

Markets: United States

Topics: Equity Strategic Fund Management Hedge Year Investors Blackrock Cent Investment Millennium

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 21:24:21 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 730 words

Reading Time: 5 minutes read

Sentences: 7 lines

Sentence Length: 105 words per sentence (average)

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Copyright Owner: © Financial Times

News ID: 23465307

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