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Blackstone Slashes Size Of Planned Asia Fund

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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