Tuesday, 16 September 2014
Last updated 13 hours ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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