Friday, 29 August 2014
Last updated 7 hours ago
Sep 7 2012 | 11:21am ET
The Blackstone Group has raised about $1.5 billion for a new fund that will fall somewhere between its liquid hedge funds and its private-equity vehicles.
The Tactical Opportunities fund will invest in assets illiquid enough to scare away most hedge funds, but more liquid than a typical private-equity investment, Bloomberg News reports. The fund will be led by David Blitzer, who set up Blackstone's European p.e. business a decade ago. Blitzer will oversee a nine-strong investment team, including real-estate specialist Chad Pike.
Tactical Opportunities will take advantage of Blackstone's private equity, hedge fund and real-estate businesses, sourcing its own investments from those sourced by the three units. The fund "pursues a global multi-asset approach to investing in illiquid assets," Blackstone said on its web site.
Blackstone has been fundraising for Tactical Opportunities since last year.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...