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Blackstone Is Said to Back Asian Hedge Fund Startup

Bloomberg – Nick Taylor, a former executive of Citadel Investment Group LLC, is preparing to open the largest Asia-focused hedge-fund startup since May 2007 after receiving the backing of Blackstone Group LP, said three people familiar with his plan.

Senrigan Master Fund is scheduled to start trading Nov. 2 with at least $220 million committed by investors, said two of the people, who declined to be identified because the information isn’t public. The fund will invest in companies whose valuations are affected by announced or possible events such as mergers, Taylor said in an interview yesterday. He declined to comment on the fund’s starting size or investors.

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