Wednesday, 7 October 2015
Last updated 13 hours ago
May 28 2008 | 2:00am ET
The Blackstone Group’s new Asian event-driven shop plans to offer its first hedge fund in October. Blackstone Altius Advisors’ first offering could debut with as much as US$1 billion.
The new group, headed by SAC Capital Advisors veteran Aaron Nieman, was announced earlier this month. It also features former Banc of America Securities prime brokerage chief Christopher Pesce.
Blackstone will initially invest US$150 million in the Altius fund, Bloomberg News reports. The firm plans to raise between US$500 million and US$1 billion, it told potential investors.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…