FYI: Now with five-year track-record, Blackstone has long been offering mutual fund investors a way to access its expertise in the hedge fund world. The Blackstone Alternative Multi-Strategy fund taps into the same team and process used to manage the firm’s private fund-of-funds offering. The most attractive aspect of this strategy comes down to the fact that it's not a watered-down hedge fund strategy typically seen in the liquid alts space. Instead, Blackstone makes use of the same top subadvisors used in the private fund to build custom mandates for this mutual fund. This is especially appealing since they can leverage their size and reputation to partner with some of the best names in the hedge fund industry like DE Shaw and Two Sigma, two managers that aren’t available as mutual funds.
Regards,
Ted
https://www.morningstar.com/videos/935145/a-blackstone-hedge-fund-in-a-mutual-fund-form.html
