Wednesday, 1 October 2014
Last updated 12 hours ago
Mar 25 2011 | 12:20pm ET
Investors can't seem to get enough of the Blackstone Group's new hedge fund seeding vehicle.
The firm's Strategic Alliance Fund II, which launched last year, has garnered some $355 million over the last four months, Reuters reports. The fund has raised at total of $2.4 billion, more than twice what its predecessor seeding fund managed.
Most of the new money has come from institutional investors, including pension funds and central banks. But Blackstone is also generating traction among high-net-worth investors.
The first Strategic Alliance fund invested in eight hedge fund saplings; its successor has already chosen three: Sureview, founded by former Kingdon Capital manager John Wu, former Credit Suisse commodities trader George Taylor's new fund, and Harbor Bridge, headed by former Duquense Capital Management emerging markets manager Michael Pearl. The seeder is also in talks with Howard Shainker, formerly of Third Point, who is also launching a hedge fund, according to Reuters.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...