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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...