Reuters -The Blackstone Group [BG.UL] has opened an office in Hong Kong to provide marketing and support for its fund of hedge funds division, a spokesman for the New-York based investment firm saidon Friday.
The business, known as Blackstone Alternative Asset Management L.P. (BAAM), has about $12.4 billion in assets under management, according to Blackstone’s website.
BAAM was founded in 1990 to manage the internal assets of Blackstone through a diversified portfolio of hedge fund investments, to offset the equity exposure of the firm’s other businesses.
