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Is This The Secret Reason Behind BlackRock's Stake Acquisition in Millennium?

BlackRock Inc, a global investment management company with $11.5 trillion in assets under management (AUM), is reportedly considering purchasing a minority stake in hedge fund manager Millennium Management LLC. This would be the first time Millennium has sold a portion of its business to an external party. The move comes as Millennium seeks to expand and grow its investments by diversifying across multiple assets.

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