Blackstone Considering Launch of New Hedge Fund

July 7, 2014 Marcus Black Hedge Fund News

Well-known for their ventures in leveraged buyouts and other private equity investments, the Blackstone Group is considering the launch of an aggressive hedge fund.

The fund will take off with about $500 million AUM and several teams of managers. Although this is a shift in strategy for Blackstone, this should not prove too daunting since Blackstone in the largest investment manager of hedge fund-fund of funds.

Blackstone says that the fund will be making “big, bold bets” and will “fund several teams of traders with hundreds of millions of dollars to place a relatively small number of large, highly concentrated wagers”.

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