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Blackstone Slashes Size Of Planned Asia Fund
November 21, 2008
The Blackstone Group is drastically scaling back its planned Asia-focused event-driven hedge fund.
The alternative investments giant originally planned for an almost US$1 billion fund. But the fund will now launch early next year with around US$200 million, Dow Jones Newswires reports.
Blackstone has hired a team of 11 analysts focusing on Greater China, South Korea, India and Japan for the fund.
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