Blackstone Readies Mutual Fund Of Hedge Funds

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.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of