China Plans $500M Invest With Blackstone Hedge Funds

Jun 19 2009 | 1:05pm ET

China’s sovereign wealth fund is wasting no time in implementing its plan to invest in hedge funds. Just days after China Investment Corp.’s pointman on hedge funds announced the fund’s intentions, details are emerging about just how much CIC might invest—and who it might invest with.

The Blackstone Group appears to be the biggest winner, The Wall Street Journal reports. CIC may invest $500 million in a Blackstone hedge fund unit.

All told, CIC hedge fund adviser Felix Chee said the $200 billion sovereign fund could invest up to $6 billion in hedge funds by the end of the year.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of