Blackstone Plans Fund Of Best Hedge Fund Ideas

May 17 2013 | 2:41pm ET

The Blackstone Group is set to launch a new hedge fund that will invest in other hedge fund managers' top trades.

The planned "super" hedge fund will be something akin to a best ideas fund of hedge funds. Run by former Duquense Capital Management partner Greg Geiling, the vehicle will ask managers of hedge funds Blackstone's funds of funds already invest in to submit their best and more interesting trade ideas for a fee.

"It's a sort of Harlem Globetrotters' fund of the best ideas from across the spectrum," one source told the Financial Times.

While most hedge fund managers carefully guard their trading ideas, Blackstone is betting that both their fee—and growing risk constraints that keep them from investing as much as they'd like on their best ideas—will overcome that resistance.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...