{"id":52132,"date":"2016-04-08T11:30:41","date_gmt":"2016-04-08T15:30:41","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=52132"},"modified":"2016-04-08T11:30:41","modified_gmt":"2016-04-08T15:30:41","slug":"blackstone-to-shut-mutual-fund-after-fidelity-pulls-out","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2016\/blackstone-to-shut-mutual-fund-after-fidelity-pulls-out.html","title":{"rendered":"Blackstone to Shut Mutual Fund After Fidelity Pulls Out"},"content":{"rendered":"<p>(Bloomberg) Blackstone Group LP, the asset manager run by Stephen Schwarzman, will shutter a mutual fund that allocates money to hedge fundmanagers following a large redemption by the vehicle&#8217;s main backer, Fidelity Investments. The Blackstone Alternative Multi-Manager Fund will no longer accept new money and will be liquidated by May 31, according to a filing<br \/>\nwith the U.S. Securities and Exchange Commission on Thursday. The fund&#8217;s investment adviser will seek to convert all of its holdings to cash and cash equivalents to meet anticipated redemption requests.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Blackstone Group LP, the asset manager run by Stephen Schwarzman, will shutter a mutual fund that allocates money to hedge fundmanagers following a large redemption by the vehicle&#8217;s main backer, Fidelity Investments. The Blackstone Alternative Multi-Manager Fund will no [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52132","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52132","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=52132"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52132\/revisions"}],"predecessor-version":[{"id":52133,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52132\/revisions\/52133"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=52132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=52132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=52132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}