(FINalternatives) Global alternative asset manager Blackstone Group has reportedly amassed a $1.5 billion war chest aimed at seeding startup hedge funds despite widespread concerns about the industry’s aggregate ability to generate market-beating returns, pressure on fees, and a shrinking number of managers.
Blackstone Said To Raise $1.5B To Seed New Hedge Funds
This entry was posted in Syndicated. Bookmark the permalink.
