{"id":55763,"date":"2016-12-21T12:24:07","date_gmt":"2016-12-21T17:24:07","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=55763"},"modified":"2016-12-21T12:24:07","modified_gmt":"2016-12-21T17:24:07","slug":"blackstone-winds-down-senfina-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2016\/blackstone-winds-down-senfina-fund.html","title":{"rendered":"Blackstone Winds Down Senfina Fund"},"content":{"rendered":"<p>(Reuters) Blackstone Group (BX.N) is winding down its &#8220;big bet&#8221; hedge fund Senfina Advisors LLC after it faced mounting double-digit losses on its investments this year, a spokeswoman confirmed on Tuesday.It is a rare setback for the private equity titan, which invests roughly $70 billion in hedge funds, and launched Senfina, which means &#8220;everlasting&#8221; in Esperanto, to great fanfare in 2014.<\/p>\n<p>The fund was one of last year&#8217;s top performers, gaining 20 percent, but is down 24 percent this year through November after wrong-way bets in its so-called center book where declines were most pronounced.Other &#8220;multi-manager&#8221; hedge funds, which make leveraged concentrated bets on a range of securities, have also suffered this year after being wrong-footed by the pace of U.S. interest rate hikes and the post-election rally in the United States.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/us-hedgefunds-blackstone-idUSKBN1492Q1\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Blackstone Group (BX.N) is winding down its &#8220;big bet&#8221; hedge fund Senfina Advisors LLC after it faced mounting double-digit losses on its investments this year, a spokeswoman confirmed on Tuesday.It is a rare setback for the private equity titan, [&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-55763","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/55763","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=55763"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/55763\/revisions"}],"predecessor-version":[{"id":55764,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/55763\/revisions\/55764"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=55763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=55763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=55763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}