New York, NY – Hedge-fund manager Israel Englander is in discussions to sell a minority stake in his closely held firm Millennium Management LLC, showing that hedge-fund success stories continue to draw interest from deep pockets.
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Known for his talent in handpicking money-making traders and for swiftly shedding those who disappoint, the 62-year-old billionaire aims to expand his business by increasing its more-than-$11 billion in assets, say people familiar with the matter.
Like other managers who dominate leadership of their hedge funds, he also wants to broaden Millennium’s ownership base, amid questions from potential investors about his outsized role in the operations and succession planning, the people say.
The talks are focused on a 20%-or-less stake in Millennium valued between $300 million and $500 million, the people say. A spokesman for the New York firm declined to comment.
Any agreement involving Millennium would shine a spotlight on the enigmatic Mr. Englander, the devoutly Jewish head of a firm with a 22-year history. A child of the Crown Heights neighborhood of Brooklyn, Mr. Englander now lives in Manhattan, but still sometimes crosses the East River to attend services with rabbis and scholars he considers close confidantes. He’s a major donor to Jewish schools and other causes.
Izzy; As long as you continue investing in the right charities with the entire Bobover Kehila always having you in mind during the tefilos, you will iy”h always succeed. You deserve it. “Izzy, we in Bobov are proud of you”.
What’s on the otherside of the East River?
Izzy is a tremendous ba’al tzedaka as well as being a wonderful person!
Go Izzy Go! Mr. Englander is one of largest orthodox jewish donors living today, he gives millions of dollars yearly to Jewish org. around the worrld, besides the point that he is the biggest donor in the world wide Bobov community as he is a very close freind with the Bobover Rabbi, and comes every Yom Tov to Bobov. Izzy is the only man on Wall Street that did not lose by the recession much, all in the zchus of of givinging so much charity!!!
Izzy is the nicest wealthy man i ever met he is a real oniv hates when you make a big deal of him.
Izzy we wish you much Hatzlocho!
Wherever he puts his hands he should be Matzliach and be able to continue his great Tzdokah Vchesed, a true role modle for other Ngidim, the way he gives without publicity and fame! #GoIzzy ts his hands he should be Matzliach and be able to continue his great Tzdokah Vchesed, a true role modle for other Ngidim, the way he gives without publicity and fame! #GoIzzy
Congratulations to a real mentch. He supports many Mosdos, in the tens of millions.
Which bobov if I may ask ?
I learned with Yisroel in Bobov, Crown Heights and its very nice to know that you support Bobov where you learned in your childhood. Yisroel cudos!!
A true bal Tzdokao with no strings attached, No publicity No fame, here is what he said By a recent Dinner for the Bobover Mosdos “As a insider on Wall st. and 48 st. i can tell you the the best investment is in 48 st. where there is always a bull market! and where the CEO has a 0 sucsess rating,” #GoIzzy
There’s a story probably a bubbe mainseh someone asked Izzy why he gave money to a particular yeshiva in light of the fact that they kicked him out, he answered that is exactly why he gives them money, had he stayed in that yeshivah who knows where he would be. Probably another “shvitzer” Flatbush. BTW. I remember his mother A”H. how many of you readers got their Bar Mitzvah suits at Rosa Englander/
izzy dear! Alot of people give tzedakah but the way u do thats really one of a kind! Hashem knows who to give money they should be a ble to give it to tzedakah! Ur the best