June 16 (Reuters) - Millennium Management is in talks to

sell a minority stake in its management company, in a deal that

values the hedge fund giant at $14 billion, the Financial Times

reported on Monday, citing people familiar with the discussions.

The company is working with Goldman Sachs' Petershill

Partners to identify potential buyers for a 10% to 15% equity

stake in its management company, the report said.

Millennium and Petershill did not immediately respond to

Reuters' requests for comment.

Millennium manages over $75 billion across a range of asset

classes, including equities, fixed income and commodities. The

company employs more than 6,200 people, according to its

website.

The company is led by billionaire Israel Englander, who

founded it in 1989 with $35 million in capital.