Monday, 6 July 2015
Last updated 3 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…