(Fortune) On Thursday, Blackstone announced it was closing up the Blackstone Alternative Multi-Manager Fund, though the firm said the fund had outpaced the broader hedge fund industry over this same period, based on the HFRX Global Hedge Fund Index. Blackstone’s hand was pushed. In March, it appears Fido, which remained the fund’s main backer until recently, called it quits on the fund, pulling most of its investors’ money out….
Fidelity Calls It Quits on Blackstone’s Hedge Fund for the Masses
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