Hedge fund Millennium valued at $14bn in minority stake sale talks
Izzy Englander’s group working with Petershill Partners as it opens up to external investors for the first time
Izzy Englander’s group working with Petershill Partners as it opens up to external investors for the first time

Sale marks first time Izzy Englander has parted with equity in firm’s 36-year history

Millennium Asset Management is gunning for a ‘top of the heap’ private equity valuation

Izzy Englander’s firm and rival Citadel recover after lacklustre start to year but fail to keep pace with some smaller firms

Private bankers are adopting new strategies to retain rich young clients

Flood of money into evergreen vehicles has meant 7.5% share carved out in fund terms no longer sufficient

Tie-up marks push to pitch private investments to everyday investors