Reuters – New York-based hedge fund startup Raveneur Investment Group has signed up investment giants Blackstone Group LP and Pacific Alternative Asset Management (PAAMCO) as clients, according to sources familiar with the fund.
The fund has received $150 million from PAAMCO and is slated to receive $200 million from Blackstone according to the sources. Both Blackstone, which has seeded Marcato Capital Management and Senator Investment Group, and PAAMCO have a track record of spotting rising stars.
