Blackstone Unveils Retail Alternative Investment Product

Jul 17 2013 | 5:35am ET

The usually separate worlds of hedge funds and retail investment products just got a little closer.

Blackstone Alternative Asset Management is launching its first hedge fund-like mutual fund.The new vehicle will allocate assets among a variety of investment sub-advisers with experience managing alternative investment strategies.

Blackstone may also manage a portion of the fund’s assets directly and may invest in unaffiliated hedge funds.


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