Monday, 27 April 2015
Last updated 57 min 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…