Hedge fund Millennium valued at $14 billion in minority stake sale talks, FT reports
June 16 (Reuters) - Millennium Management is in talks to sell a minority stake in its management company, in a deal that values the hedge fund giant at $14 billion, the Financial Times reported on Monday, citing people familiar with the discussions.
The company is working with Goldman Sachs' Petershill Partners to identify potential buyers for a 10% to 15% equity stake in its management company, the report said.
Millennium and Petershill did not immediately respond to Reuters' requests for comment.
Millennium manages over $75 billion across a range of asset classes, including equities, fixed income and commodities. The company employs more than 6,200 people, according to its website.
The company is led by billionaire Israel Englander, who founded it in 1989 with $35 million in capital.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
30 minutes ago
- Reuters
SoftBank raises $4.8 billion from T-Mobile block trade, term sheet shows
SYDNEY, June 17 (Reuters) - Japan's SoftBank (9984.T), opens new tab has raised $4.8 billion from a sale of 21.5 million T-Mobile (TMUS.O), opens new tab shares at $224 each, according to a term sheet reviewed by Reuters. The shares were offered in a price range of $224 to $228 each, the term sheet said, a discount to T-Mobile's closing price on Monday of $230.99.
Reuters
30 minutes ago
- Reuters
My Pillow founder defamed employee of voting machine company, jury finds
June 16 (Reuters) - A federal jury in Colorado on Monday ordered My Pillow founder Mike Lindell to pay $2.3 million in damages, finding that Lindell's statements about election fraud were false and defamed an employee of voting machine company Dominion Voting Systems. The lawsuit was filed by Eric Coomer, former director of product strategy for Dominion, who said that Lindell spread baseless conspiracy theories about election fraud in the 2020 U.S. presidential election, which Republican Donald Trump lost. Lindell has been a steadfast supporter of Trump and was among many Trump allies who advanced unfounded claims of fraud in the 2020 election. Lindell's company, My Pillow, was found not liable for its founder's statements, which Lindell said was a victory. "I am very happy that My Pillow was 100% vindicated," Lindell told Reuters. Trump allies claimed that Denver-based Dominion's ballot-counting machines were used to manipulate the presidential election in favor of Democrat Joe Biden, who defeated then-President Trump. Those claims have been rejected by the courts, and the company has won large settlements after suing Trump allies for defamation. Dominion sued Lindell separately in 2021, and the company's defamation lawsuit is proceeding in a Washington D.C. federal court. Lindell said that he was likely to appeal Monday's judgment against him, saying that the lawsuit was meant to suppress his voice. Lindell said he would not stop fighting the use of electronic voting machines in U.S. elections. Attorneys for Coomer did not immediately respond to a request for comment. The lawsuit claimed that Lindell targeted Coomer in particular, saying that he had committed treason, and Lindell's false statements ruined Coomer's ability to work in the elections industry and subjected him to frequent death threats.
Reuters
an hour ago
- Reuters
Australia's Albanese confident on AUKUS after British leader says it will proceed
SYDNEY, June 17 (Reuters) - Australian Prime Minister Anthony Albanese welcomed comments by his British counterpart at the G7 that Britain and the United States will proceed with the AUKUS nuclear submarine treaty with Australia, despite a Pentagon review. "We're proceeding with that, it's a really important deal to both of us," British Prime Minister Keir Starmer told reporters when asked about AUKUS, standing next to U.S. President Donald Trump after they met on Monday to discuss trade and security. "I think the president is doing a review, we did a review when we came into government so that makes good sense to me," he added. Albanese had been scheduled to hold his first meeting with Trump the next day to press support for AUKUS, however the White House announced Trump would leave the G7 early. Albanese later told reporters that AUKUS held "great advantages" for the three partners. "That is why we support AUKUS and that is why I am confident that all three nations will continue to provide support for it," he told reporters in Calgary. In 2023, the United States, Australia and Britain unveiled details of the plan to provide Australia with nuclear-powered attack submarines from the early 2030s to counter China's ambitions in the Indo-Pacific. A Pentagon official said last week the administration was reviewing AUKUS to ensure it was "aligned with the President's America First agenda".
