Fri, Oct 9, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Blackstone to launch first alternative investment-focused mutual fund

Wednesday, July 17, 2013

Benedicte Gravrand, Opalesque Geneva:

Alternative strategies that are normally used by hedge funds and private equity are increasingly being packaged as mutual funds in the U.S. and as UCITS in Europe. Blackstone, one of the world’s leading investment and advisory firms, is jumping on that bandwagon.

Blackstone Alternative Asset Management (BAAM), Blackstone’s hedge fund solutions business, is set to launch its first alternative investment-focused mutual fund that offers daily liquidity. BAAM is the world's largest discretionary allocator to hedge funds and has around $49bn under management.

This fund, called Blackstone Alternative Multi-Manager, is a registered, open-end mutual fund managed by BAAM, says the announcement. It will allocate assets among a selection of investment sub-advisers with experience managing non-traditional or "alternative" investment strategies. Blackstone may also manage a portion of the Fund's assets directly and may invest in unaffiliated hedge funds.

Stephen Sullens, Senior Managing Director and Head of Portfolio Management for BAAM, explained, "We approached the portfolio construction process by leveraging our extensive experi......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  2. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  3. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  4. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i

  5. …And Finally - Japanese men want upgrade on their virtual girlfriends[more]

    From Five years after News of the Weird mentioned it, Japan's Love Plus virtual-girlfriend app is more popular than ever, serving a growing segment of the country's lonely males -- those beyond peak marital years and resigned to artificial "relationships." Love Plus models (Rinko