Hedge Foundation Minilnie was estimated at $ 14 billion in the minority share sales talks

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Millennium management, one of the world’s largest hedge funds, is in talks with plans to open the property for the first time, negotiate a minority share of a pressing minority.

People who meet discussions said that Millennium Goldman Sachs’ Petershill jointly worked to identify potential buyers for the share of 10-15 percent in the Millennium Management Company. It is the first time in an official assessment of the Hedge Foundation.

PetershillGoldman managed, receives minority shares in alternative investment firms and targeting its customers and targets the largest investors in the Millennium Foundation.

The deal will ensure that two people who are familiar with the situation, one of the highest assessments of any Hedge Fund manager.

Millennium and Petershill refused to comment.

New York-based millennia, which exceeds $ 75 billion in assets under governance, is one of the selected groups of hedge funds operating between active classes.

More than 320 investment teams in the so-called Manager, investment in a dense risk base and Ken Griffin’s Point72 with Point72 Likes in Citadel and Steve Cohen.

Discussions with foreign investors are working on a plan to open the property of the best managers of the management company for the first time by distributing capital to basic people of the management company.

Taking a small capital share of millennia and at the same time, talking to Blackrock on a strategic partnership that can lead to the world’s largest active manager.

In recent years, the septuagenar founder, which has the only property of the millennium for its 36-year-old history, was developed by Izzy Developer, International work for life.

Millennium has provided capital base by transferring the vast majority of investors to a long-term stock class, increasing its time to get out of a year by five hedges.

The British also changed the diversification of work with a number of higher employees of a number of high employees, and changed the payment structure required to demand a minimum payment regardless of the Fund’s activities.

Annual payments, costs on costs, about 1 percent of the assets or 20 percent of the investment income, were described in accordance with the management fee of bankers.

Hedgehog funds are usually based on management fees – approximately 1-2% of total assets and based on performance fees created. Management fees are seen as more predictable income and are sometimes assessed to the price of the market sometimes more than changing performance fees.

Private capital groups consultant, many manager hedging funds – even thousands of lugged capital for several years, are usually a large number of more than a large number of private capital companies. There are also lower performance fees in general.

“If you put it all together, this is a much lower than a well-established private capital company,” he said. “But investors can still be disappointed with the brand.”

The adviser said: “The average cash flow of the average confidence companies of the nation-seeded companies has traded down to a low level. The hedge foundation will be much less.”

The flagship fund of the Millennium earned 15.1 percent last year, and this year is about 0.4 percent this year. He earned 14 percent annual earnings since the beginning.

An additional report by Antoine Gara in New York