BlackRock is in early-stage talks with Millennium Management about a strategic tie-up that could involve acquiring a minority stake in the hedge fund, two sources familiar with the matter said. The sources said it was not clear whether the talks would result in a deal,

BLK is considering buying a minority stake in Millennium Management. This move aligns with its aim to expand into a lucrative alternative asset business.

BlackRock Inc. (NYSE:BLK), the world’s largest asset manager, is reportedly in preliminary discussions to acquire an equity stake in Millennium Management, one of the leading hedge fund managers. What Happened: BlackRock is considering a strategic

BlackRock Inc is in early-stage talks with hedge fund Millennium Management about a strategic tie-up that could involve acquiring a minority stake in the hedge fund, two sources familiar with the matter said.

BlackRock and Millennium Management have held early stage talks on what could be the hedge fund’s first ever outside investment, according to a report. Discussions have taken place around a potential minority equity stake in Millennium’s management company, , which cites people familiar with the situation.

BlackRock is in early-stage discussions with hedge fund Millennium Management to acquire a minority stake in the company.