Reported about 12 hours ago
Billionaire Izzy Englander is contemplating granting ownership stakes in his Millennium Management hedge fund to key executives to incentivize them and address succession planning. Established in 1989, Millennium has grown to manage $76 billion in assets without ever selling a stake to a third party. However, it has engaged in talks to sell a minority stake, while contending with challenges like market pressures and talent retention in the competitive hedge fund space.
Source: YAHOO