{"id":9486,"date":"2008-12-24T00:00:00","date_gmt":"2008-12-24T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"blackstone-to-liquidate-two-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/blackstone-to-liquidate-two-hedge-funds.html","title":{"rendered":"Blackstone to liquidate two hedge funds"},"content":{"rendered":"<p>Reuters &#8211; Blackstone Group LP said on Tuesday it plans to liquidate two hedge funds as a lack of outside investing amid tight credit markets will prevent them from getting big enough to be meaningful to the company.       <\/p>\n<p> The private equity firm plans to consolidate its distressed securities fund with GSO Capital Partners, a hedge fund manager it acquired in March for $10 billion.<\/p>\n<p> Blackstone also plans to spin off Blackstone Kailix advisers, the investment manager of its long\/short equities fund, to a management team led by Manish Mittal, who plans to form a new fund as an independent entity.<\/p>\n<p> &quot;We believe these measures will enable us to operate more profitably in the current environment,&quot; Chief Operating Officer Tony James said.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/uk.reuters.com\/article\/marketsNewsUS\/idUKN2354961920081223\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Blackstone Group LP said on Tuesday it plans to liquidate two hedge funds as a lack of outside investing amid tight credit markets will prevent them from getting big enough to be meaningful to the company. The private [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4483,4481,1443,4520,1275,1607,37,4521,4522,4524,4494,4523,4518,4326,4519],"class_list":["post-9486","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-blackstone-group","tag-blackstone-group-lp","tag-chief-operating-officer","tag-credit-markets","tag-distressed-securities","tag-gso-capital-partners","tag-hedge-fund-manager","tag-independent-entity","tag-investment-manager","tag-management-team","tag-measures","tag-mittal","tag-private-equity-firm","tag-reuters","tag-tight-credit"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9486","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9486"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9486\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}