Blackstone Hires Caxton Manager for Global Macro, Emerging Markets

(Reuters) Blackstone Group (BX.N) has hired a portfolio manager from hedge fund Caxton Associates to head its global macro and emerging markets strategies as uncertainty about interest rates is creating fresh investment opportunities in these areas. Gabriel Sod Hoffs joined Blackstone Alternative Asset Management, the company’s $80 billion hedge fund unit, as a managing director, Blackstone confirmed on Wednesday.

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