Wed, Oct 26, 2016
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. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  2. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa

  3. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  4. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion

  5. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso