From Dealbook: As Millennium Management, the New York hedge fund run by the industry titan Israel A. Englander, looks to grow and diversify, it has been on a fund-raising tear, with more than $4 billion in new commitments this year from sovereign wealth funds, pensions and other big investors, according to people with knowledge the fund.
The firm, which this summer was in discussions to sell a stake to a private equity firm, has seen a resurgence since the dark days of the financial crisis, when assets dwindled to $6.9 billion, from a peak of $14.2 billion in 2008. The hedge fund now manages about $12.75 billion, according to one of the people, who requested anonymity because information about the fund was private….
Find out more at http://dealbook.nytimes.com/2011/09/08/millennium-attracts-4-billion-in-new-money/
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