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Blackstone to shut hedge fund after assets fall 90%
Financial Express Mumbai
|November 22, 2023
BLACKSTONE PLANS TO close a fund that exposes investors to a variety of hedge funds and trading strategies after assets fell almost 90% in four years, the company told Reuters on Tuesday. The story first appeared in the Financial Times.
The US-based asset manager said it had informed clients after it decided in October that its Blackstone Diversified Multi-Strategy fund would close at the end of the year.
The fund, which represents a 0.5% portion of Blackstone's hedge fund operation, reported a 2% decline in returns from the beginning of 2020 until the end of last month, the company confirmed.
Cette histoire est tirée de l'édition November 22, 2023 de Financial Express Mumbai.
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