Saturday, 28 February 2015
Last updated 1 day ago
Dec 7 2012 | 10:21am ET
The Blackstone Group will launch a mutual fund of hedge funds, becoming the latest industry player to embrace the retail vehicle.
The New York-based firm this week filed to register the Blackstone Alternative Investment Funds. Blackstone's move follows Kohlberg Kravis Roberts' July registration of two mutual funds.
The Securities and Exchange Commission filing was short on details; Blackstone did not specify when it hopes to launch the fund, a minimum investment requirement or its fee structure. But it did say that it would invest in global macro, opportunistic, quantitative and managed futures hedge funds.
Blackstone also said it would offer the fund through investment advisors, consultants, broker-dealers and others.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…