Blackstone Fires Hedge Fund on Alts Strategy

(Citywire) San Diego, California-based Gracian Capital is a hedge fund that invests in public equity and hedging markets. The firm has served as a non-discretionary subadvisor to the Blackstone fund.Blackstone has fired Gracian Capital as a subadvisor on the $6.1 billion Blackstone Alternative Multi-Strategy fund, according to a Securities and Exchange Commission filing.

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