PANews, November 8 — According to a report by the UK Financial Times, the world's largest asset management company, BlackRock, is in preliminary negotiations with hedge fund giant Millennium Management to invest in the company through a strategic partnership. If this deal goes through, it will mark the first time in the company's 35-year history that Millennium founder Izzy Englander accepts external investment.
In recent years, BlackRock has actively expanded its alternative investments, acquiring Global Infrastructure Partners and data provider Preqin, and is in talks with private credit management firm HPS for collaboration. Millennium is considered one of the pioneers of multi-manager hedge funds, with assets under management totaling $69.5 billion and an average annual return of about 14%.
It was previously reported that as of June 30, hedge fund Millennium Management held 27,263 bitcoins.
