Wednesday, 20 August 2014
Last updated 12 hours ago
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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note