Blackstone And Colombia Management Team Up To Improve Hedge Fund Base

networking-300x300New York (HedgeCo.Net) – Columbia Management and Blackstone’s Alternative Asset Management sector are teaming up to research and develop investment solutions that leverage Columbia’s asset management capabilities and Blackstone’s hedge fund solutions business, Bloomberg reports.

“Collaboration with Blackstone will enhance Columbia’s already deep product line-up and should allow us to reach even more investors and distribution partners, both domestically and internationally, with a broad set of alternative investment capabilities,” Columbia said in a press release. “This is an important opportunity to further enhance our offering of alternative investments and solutions-based strategies.”

Columbia Management is a long-term mutual fund with assets of $358 billion under management. Blackstone Alternative Asset Management, Blackstone’s Hedge Fund Solutions platform, is the world’s largest discretionary investor in hedge funds, with $64 billion in assets under management.

Hedge funds are up 3.45% year-to-date with roughly 18% of funds boasting double digit returns for the year, half the number for the same period last year, according to a new Eurekahedge report.

Total net asset flows for 2014 were trimmed to $55 billion for the year as hedge funds saw their fourth consecutive month of net outflows in October, with investors redeeming $20.3 billion over the last four months.

Alex Akesson 
Editor for
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

This entry was posted in Hedge Fund Performance, Hedge Fund Strategies, HedgeCo News. Bookmark the permalink.

Leave a Reply