Saturday, 28 March 2015
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…