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Blackstone Hiring Hedge Fund Veterans For New Fund

networking-300x300New York (HedgeCo.Net) – Hedge fund investor Blackstone is now hiring top hedge fund talent for the launch of Blackstone Senfina Advisors LLC, a new hedge fund that will will have to up to 30 teams of seasoned investors with $100 million each to play with, making “make big, bold bets”, according to a report by The Wall Street Journal.

Blackstone Senfina Advisors LLC will invest in private equity, real estate, credit and hedge funds, Blackstone currently has $272 billion in assets for public and corporate pension funds, academic, cultural and charitable organizations. Blackstone already manages $58.3 billion in assets at its BAAM hedge funds solution division.

Investing in private equity, real estate, credit and hedge funds, Blackstone currently has $272 billion in assets for public and corporate pension funds, academic, cultural and charitable organizations. Blackstone already manages $58.3 billion in assets at its BAAM hedge funds solution division.

The initial traders come from brand name hedge-fund firms such as Ziff Brothers Investments and Serengeti Asset Management LP and will be supervised by new Blackstone employees, including the former head of risk management for Chicago hedge-fund giant Citadel LLC.” The WSJ said.

The hedge fund industry surpassed a record of $3 trillion in May. Performance gains added 37.8 billion to total AUM for an estimated asset weighted return of 1.28 per cent in May, well above the 1.00 per cent the industry produced on an equal weighted basis during the month, eVestment reports. For the first five months of 2014, equal and asset weighted returns are nearly identical, both just below 2.00 per cent.

Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
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