Hedge Fund News From HedgeCo.Net

Blackstone Alternative to invest in hedge fund managers

P&I – Blackstone Alternative Asset Management, like Goldman Sachs and Neuberger Berman Group, soon will buy minority stakes in hedge fund managers.

Anthony Maniscalco joined the BAAM investment team as managing director to assist in building out the hedge fund stake-taking program, according to a company news release. Mr. Maniscalco also joined the senior management team of the hedge fund solutions business at BAAM, a division of Blackstone Group.

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