Hedge Fund News From HedgeCo.Net

Muller’s PDT Hedge Fund Said to Get $500 Million From Blackstone

Bloomberg – Peter Muller, founder of theMorgan Stanley trading group being spun out this year as a stand-alone hedge fund, raised more than $500 million from Blackstone Group LP, said two people with knowledge of the matter.

Muller, 49, whose proprietary trading group returned more than 20 percent a year over the past decade, started his first fund in July at New York-based PDT Partners LLC, according to one of the people, who asked not to be named because the information is private.

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