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 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.