Yet another private equity giant shop is looking to make it even bigger in the mutual fund space. Money Management Executive previously reported on KKR & Co.’s ’40 Act initiative in July.
This time, Blackstone, which was founded in 1985 by Stephen Schwarzman and Peter Peterson and boasts some $205 billion in assets for public and corporate pension funds, academic, cultural and charitable organizations, is prepping its maiden mutual fund offering, Blackstone Alternative Multi-Manager Fund.
According to a filing, the fund will employ global macro, opportunistic trading, quantitative and managed futures strategies. The fund’s portfolio managers include Gideon Berger, Greg Geiling, John McCormick, Scott Soussa, Stephen Sullens, Robert Jordan and Alberto Santulin.