Blackstone Event-Driven Fund Raising Up To $1B

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.


In Depth

Fund Manager's Disease: Common Symptoms and Proposed Remedies

May 3 2016 | 6:11pm ET

The cadre of 25 research analysts at Murano Systems speaks with more than 150 investors...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...