Blackstone Seeds Two More Hedge Funds

Mar 21 2008 | 2:09pm ET

The Blackstone Group is beefing up its year-old fund of hedge funds vehicle that invests exclusively in managers that it has seeded. 

The Strategic Alliance Fund, which has already raised $1.1 billion and invested in its first two managers, is adding two more managers in the next few months, according to Alternative Investment News. The first one, an event driven hedge fund strategy, will be brought on board this summer, and the second one will be added sometime this fall.

Blackstone’s Strategic Alliance fund of funds platform was first established last May. The firm plans to allocate an average of $100 million to each of the 10 underlying managers it will eventually seed.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...