Hedge Fund News From HedgeCo.Net


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

SF Gate – Peter Muller, founder of the Morgan 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.

Read Complete Article

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

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>