New York (HedgeCo.Net) – Blackstone Alternative Asset Management (BAAM), Blackstone’s hedge fund solutions business, and NWI Management, LP (NWI), a global macro hedge fund, launched Blackstone NWI Asset Management LLC (BNAM), a new asset manager jointly owned by the two firms.
BNAM will offer a platform of investment solutions for investors seeking to access fixed income emerging markets exposures.
NWI is contributing investment and trading capabilities for the new venture while BAAM is responsible for the non-investment functions, including operations, marketing, legal and compliance related duties. In addition to the Blackstone and NWI resources, BNAM has hired dedicated employees to focus on portfolio management and other functions for the BNAM platform.
The new venture will combine NWI’s extensive experience in trading emerging markets exposures with BAAM’s experience in running institutionalized business platforms to jointly create emerging markets exposures in a long biased format.
Editor for HedgeCo.net
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership inHedgeCo.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!