Hedge Fund News From HedgeCo.Net

Former BlackRock Exec Gets $200 Million Backing From Blackstone

(Bloomberg) A hedge fund startup run by Michael Phelps, a former head of European credit at BlackRock Inc., has attracted a $200 million investment from Blackstone Group LP, according to a person with knowledge of the matter. That puts Phelps’s Tresidor Investment Management on course to become one of the largest new funds in London this year. Stuart Roden, a former chairman of Lansdowne Partners, is also backing Tresidor and will join as a non-executive chairman, the person said, asking not to be identified because the information is private.

To read this article:

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply