Millennium in Talks With Goldman’s Petershill About Stake Sale
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Izzy Englander’s Millennium Management is in talks with Goldman Sachs Group Inc.’s Petershill unit about helping find buyers to take a minority stake in the hedge fund, according to a person familiar with the matter.
Candidates could include some of Millennium’s largest investors, the person said, asking not to be identified because the discussions are confidential. Petershill specializes in buying stakes in alternative-asset managers. Representatives for both firms declined to comment.