By Hedge Fund Insight staff
Blackstone Group is tapping into the mass wealthy by teaming up with Fidelity as a distributor. Fidelity Investments is offering the Blackstone Alternative Multi-Manager Fund as part of its Portfolio Advisory Service. Already $1bn has been channeled into this mutual fund version of the Blackstone Alternative Multi-Manager Fund, which has daily liquidity in this form.
Filings disclose that the money managers with allocations from Blackstone are Two Sigma Advisers LLC, Cerberus Sub-Advisory I LLC, Credit Suisse Hedging-Griffo Servicos Internacionais SA, HealthCor Management LP, Caspian Capital LP, Boussard & Gavaudan Asset Management LP, Wellington Management Co., Good Hill Partners LP, BTG Pactual Asset Management U.S., Chatham Asset Management LLC and Nephila Capital Ltd.