{"id":42814,"date":"2014-06-30T07:57:38","date_gmt":"2014-06-30T11:57:38","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=42814"},"modified":"2014-06-30T08:06:57","modified_gmt":"2014-06-30T12:06:57","slug":"blackstone-to-launch-new-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2014\/blackstone-to-launch-new-hedge-fund.html","title":{"rendered":"Blackstone To Launch New Hedge Fund"},"content":{"rendered":"

\"ED-AF554_dyson_20070319184446<\/a>New York (HedgeCo.Net) – Hedge fund investor Blackstone is preparing to launch a new hedge fund that will make “make big, bold bets”,\u00a0<\/span>according to a report by The Wall Street Journal. The\u00a0company is planning on starting a fund with a few teams of traders, and hundreds of millions of dollars to “place a relatively small number of large, highly concentrated wagers,” the paper says.<\/p>\n

Investing in private equity, real estate, credit and hedge funds, Blackstone currently has $272 billion in assets for public and corporate pension funds, academic, cultural and charitable organizations.\u00a0Blackstone already manages $58.3 billion in assets at its BAAM hedge funds solution division.<\/p>\n

“Blackstone is aiming to rival powerhouses such as Millennium Management LLC, which has $23 billion under management; Chicago-based Citadel LLC, which has $22 billion; and the $45 billion\u00a0Och-Ziff Capital Management\u00a0<\/span>LLC in New York.” WSJ<\/a> said.<\/span><\/p>\n

The hedge fund industry surpassed a record of $3 trillion in May.\u00a0Performance gains added 37.8 billion to total AUM for an estimated asset weighted return of 1.28 per cent in May, well above the 1.00 per cent the industry produced on an equal weighted basis during the month, eVestment reports. For the first five months of 2014, equal and asset weighted returns are nearly identical, both just below 2.00 per cent.<\/p>\n

Alex Akesson
\nEditor for\u00a0HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a>\u00a0is a premier\u00a0hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) – Hedge fund investor Blackstone is preparing to launch a new hedge fund that will make “make big, bold bets”,\u00a0according to a report by The Wall Street Journal. The\u00a0company is planning on starting a fund with a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,16025,9,3],"tags":[],"class_list":["post-42814","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-events","category-hedge-fund-launches","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=42814"}],"version-history":[{"count":5,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42814\/revisions"}],"predecessor-version":[{"id":42820,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42814\/revisions\/42820"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=42814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=42814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=42814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}