Our Standards: The Thomson Reuters Trust Principles. Choose your news we will deliver. The stock had jumped more than 1 percent in the regular Thursday trading session as well.Credit Suisse raised its estimates and target price on hedge fund favorite Priceline.com to $1450 from $1275, calling it an open-ended growth story. It refers to the internet travel companys best-in-class execution and technology and difficult-to-replicate scale. The bank also says that Wall Street has consistently underestimated the companys growth prospects. Another member of Blackstone's hedge fund solutions group is leaving the firm in the wake of a change in leadership, according to a report by Bloomberg. Get our editors daily picks straight in your inbox! Play Video about Update from Jon Gray: Alternatives for All Weather. This group falls slightly below Alphas annual Hedge Fund 100 ranking, whose cutoff for the 2012 year the most recent available was $5.2 billion. But for upstart managers, getting a chance to partner with a firm like Blackstone can be just the shot in the arm they need to get their businesses up and running. - The Daily Hodl, Activist Hedge Fund Coliseum Capital Bets Against Lazydays Bears - You have an opportunity not only to benefit from their growth but also to look down the road at creating a public vehicle for that, Hill reportedly said. In about four months, hundreds of individual investors sank some $355 million into a so-called hedge fund seeder set up by the New York-based investment firm, a recent regulatory filing shows. Blackstone Group has raised $1.4 billion for a fund that will buy stakes in hedge-fund firms, according to Bloomberg, citing Blackstone Vice Chairman Tom Hill, who was speaking at Credit Suisse Group AGs financial-services forum in Boca Raton, Florida. Indeed Kishore Moorjani, one of the eight managers tapped in Blackstones first seeder fund, has closed down and returned money to investors, people familiar with the matter said. I believe it will make millions of Americans vastly wealthier. ValueWalk, Patent Filings Roundup: New and Existing Financial Services NPE - The Need for Speed in Trend-Following Strategies, Global Fixed Income: Volatility and Uncertainty Here to Stay, Morningstar Indexes' Annual ESG Risk/Return Analysis, 2023 Outlook: The Top Five Trends to Monitor in the Year Ahead, Show Me the Income: Discovering plan sponsor and participant preferences for cr, The Future of Infrastructure: Building a Better Tomorrow, For institutional investors, ETFs can make meeting liquidity needs easier, Gold: the most effective commodity investment, 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios, Ten ways retirement plan professionals add value to plan sponsors. Positive stock selection led to the outperformance of the fund in the quarter. In early January 2023, it was announced that the University of California is putting $4 billion into BREIT with the same fees as other shareholders but with a commitment to hold shares for 6 years. The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. Warren Buffett took 25% of all returns in excess of 6 percent. The new fund, which already has "seeded" two newcomers and is in advanced. Wall Street Journal, Coinbase cutting ties with Silvergate forces crypto hedge fund to find Blackstones seeders traditionally take a 15 to 25 percent cut of the funds business, people familiar with the terms have said. Blackstone, which invests $78 billion in hedge funds, is making the investment with cash from its $1.5 billion Strategic Alliance Fund III, as it bets that new players can succeed in an industry that has struggled with poor returns and investor withdrawals in recent years. It's provided seed money to managers such. Competition for Blackstones seed money is fierce. low-income families start investing, Coinbase Buys a Crypto Hedge Fund, Setting Its Sights on - The Our mission is to create long-term value for our investors through the careful stewardship of their capital. Blockchain Reporter, Bridgewater Overhaul Is a Watershed Moment for Hedge Funds - Bloomberg, Bridgewater brings on head of Europe, global sustainable investment Welcome to The Brink! Back then they weren't called hedge funds, they were called "partnerships". - Miami Herald, DeSantis holds up Disney move as proof he'll fight 'woke' corporations The two men seeded so far are former Kingdon Capital manager John Wu and former Credit Suisse commodities trader George Taylor. WHAT WE DO We invest across alternative asset classes on behalf of pension funds and other leading institutions. Alternatives are not just for a good-weather environment. You can enter your email below to get our FREE report. Blackstone loses head of hedge fund seeding business. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. Blackstone invests for the long term because building successful, resilient businesses can lead to better returns, stronger communities and economic growth that works for everyone. Klicka p Avvisa alla om du inte vill att vi och vra partner ska anvnda cookies och personuppgifter fr dessa ytterligare ndaml. - Invezz, Spitfire Capital Investor Newsletter - Q4 2022, Broadridge appoints Asia Pacific head of asset management solutions - Money has come back this year, according to eVestment, with investors preferring smaller funds and niche investments like bets on Asian markets, industry analysts have said. Blackstone's BAAM Ventures group manages more than $6 billion of AUM across two primary investment strategies: (1) acquiring minority ownership interests in alternative asset management firms, and (2) providing seed capital in exchange for revenue sharing interests in startup hedge funds. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. But some critics note that seeder funds records can be uneven no matter how thorough the due diligence. Before joining Blackstone in 2003, Mr. Santulin worked at Rasini & Co. Inc., a European fund-of-hedge-funds, where he opened and ran the New York office. R. Allen Stanford arrives for a hearing in Houston, Texas, U.S., on Tuesday, Nov. 17, 2009. The world's biggest investor in hedge funds has hired former hedge-fund manager Scott Bommer to launch a new growth strategy, a move aimed at expanding Blackstone Group Inc.'s. Play Video about One-on-One with Jennifer Morgan: Leading Through Transition. Research and Due Diligence Platform for Investors, Most Visited Alternative Investment Industry For example S&P 500 Index returned 43.4% in 1958. In the fourth quarter, the fund outperformed the Russell 1000 Value Index. I am not a pioneer, said Gold. Photographer: F. Carter Smith/Bloomberg News. BOSTON, March 23 (Reuters) - Wealthy investors are showing a healthy appetite these days for newly minted hedge fund managers, judging by the activity in one Blackstone Group. The selection process has been similarly competitive for the second seeding fund. This announcement may help to allay concerns about BREITs stability in the face of redemptions. He is primarily focused on multi-strategy, event, arbitrage and reinsurance strategies. To view recent press releases,click here. Blackstone (NYSE:BX) today announced the final close of its latest global secondaries strategy, Strategic Partners IX, and inaugural GP-led continuation fund strategy, Strategic Partners GP Solutions (together with their related committed program vehicles, SP IX and SP GPS respectively). The two men seeded so far are former Kingdon Capital manager John Wu and former Credit Suisse commodities trader George Taylor. Robert Renda is the firms chief financial officer, having previously worked at Folger Hill Asset Management, and Michael Adams is the chief operating officer and general counsel. Blackstone has been met with redemptions in its private real estate fund BREIT (Blackstone Real Estate Income Trust), one of the companys strong growth drivers in the attractive high net worth channel. Du kan ndra dina val nr som helst genom att klicka p lnkarna "Integritetspanel" p vra webbplatser och appar. A Blackstone spokeswoman declined to comment. So far, only two people have been awarded money. People familiar with Blackstone said new managers get initial commitments of between $100 million and $150 million. He prefers to send money to managers with at least three to five years experience on their own. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. Switchboard:+1 (212) 583-5000. . But before that, lets look at the Silvergate crisisand Blackstones troubles in Finland. eFinancialCareers (US). Website. Blackstone Group LP, the worlds largest alternative asset manager, struck its second regional seed deal after a five-year . Its mainstay is assembling portfolios of hedge funds, but it also seeds new hedge funds, buys stakes in private equity firms, runs a mutual fund and invests in deals alongside other money managers. Its Investor Class fund ARTLX returned 14.04%, Advisor Class fund APDLX posted a return of 14.14%, and Institutional Class fund APHLX returned 14.10% in the quarter, compared to a 12.42% return for the benchmark index. But not all investors are wowed by the seeding business. SP IX is the worlds largest dedicated secondaries fund raised to-date. We still like this investment. Blackstone Group LP is backing a new hedge fund being run by former Eton Park partner Aaron Wertentheil with a $150 million commitment, two sources familiar with the matter said on Tuesday. The hedge fund, launched earlier in 2017, plans to make bets on Asian stocks. Scott Soussa, senior managing director, is assuming sole oversight of the hedge fund seeding and ownership stakes strategies managed by Blackstone Alternative Asset Management. For office-specific contact information, please visit our our offices page. BOSTON (Reuters) - Blackstone Group has written the first check from its latest seeding fund, sources familiar with the matter said this week, committing $100 million in start-up capital to a new hedge fund run by a former TPG-Axon executive. Blackstone Inc. is losing another member of its hedge fund solutions group, adding to a string of departures that followed leadership changes at the unit. Blackstone Group, the world's largest hedge fund investor, is committing $150 million in start-up capital to a hedge fund run by a former senior executive at Lone Star Funds, two sources . Best known as a private equity business, Blackstone's hedge fund unit, Blackstone Alternative Asset Management, boasts strong industry credentials, having invested $49 billion with. Blackstone Alternative Asset Management (BAAM) manages approximately $79 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations platform, a business that purchases GP stakes in alternative asset managers, an open-ended mutual fund platform, and an emerging manager seeding business. Blackstone Group LP gathered about $1.5 billion to provide startup capital for new hedge fund managers, people with knowledge of the matter said, as the alternative-asset giant continues to make . Our Standards: The Thomson Reuters Trust Principles. Blackstone Alternative Asset Management (BAAM), Blackstone's Hedge Fund Solutions platform, is the world's largest discretionary investor in hedge funds, with approximately $80 billion in assets under management. Will His AI Plans Be Any Different? Headquartered in New York, New York, Blackstone Inc. (NYSE:BX) is an alternative asset management company. Blackstone is a leading global investment business investing capital on behalf of pension funds, large institutions and individuals. Overall, Blackstone's Strategic Alliance fund has raised $2.4 billion, say people familiar with the fund. The sources could not speak publicly because the investment is private. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. Over Its stock plunged 58% on Thursday after the company said its losses mayleave it with too littlecapitaland crypto firms including Coinbase Global, Galaxy Digital Holdings and Paxos Trust rushed to cut ties with the bank. He prefers to send money to managers with at least three to five years experience on their own. Rivals like Skybridge Capital, Tiger Management, and Capital Z Asset Management and others also promise to find a new generation of talent, providing would-be investors with a wide selection of portfolios and newcomers to bet on. Follow this link to subscribe. Main Office Fund III raised money from well-heeled investors like pension funds and endowments. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. It has so far seeded six managers from this portfolio, including Tresidor Investment Management and Seiga Asset Management. Toronto-Dominion Bank has agreed to pay $1.2 billion to settle allegations that it aided the scheme by banking Stanford Financial despite a flurry of suspicious activities. The underlying managers in that first fund now control about $6.5 billion in assets, showing that other investors were quick to follow with fresh funds on top of the $1.1 billion that Blackstone committed. Overall, Blackstones Strategic Alliance fund has raised $2.4 billion, say people familiar with the fund. Redemptions have picked up due to concerns about the real estate market due to higher interest rates, and because BREIT has been a strong performing product, investors are selling their winners to gain liquidity in an environment where their other assets may have lost value. Vi, Yahoo, r en del av Yahoos varumrkesfamilj. The Morning Brief: Blackstone Launches Hedge Fund Seeding Vehicle. Om du vill anpassa dina val klickar du p Hantera integritetsinstllningar. This is a $200 plus stock over the next three years with new management, Ackman said, according to Reuters. You can get rich by returning 20% per year and compounding that for several years. He's intent on writing a new playbook, both for former athletes and the PE industry. Blackstone is looking to use cash from its $1.5 billion Strategic Alliance Fund III, the first seeding fund it has raised since 2011, to bet new players can succeed in an industry that has struggled with years of investor withdrawals and sluggish returns. On the other hand, he said Procter & Gamble is a phenomenal business with an enormous opportunity, according to CNBC.The SS&C GlobeOp Capital Movement Index climbed 0.94 percent in February. An earlier seeder fund raised $1.1 billion and invested that money with eight young funds including Richard McGuires Marcato Capital, Eric Bannaschs Cadian Capital Management, Nick Taylors Senrigan Capital and Michael Hodges Hilliard Street. We invest across the alternative asset classes in private equity, real estate, credit and hedge funds as well as in infrastructure, life sciences, insurance and growth equity. - Walla Walla Union-Bulletin, Coinbase Buys Crypto Arm Of Conn. As per our database, 51 hedge fund portfolios held Blackstone Inc. (NYSE:BX) at the end of the fourth quarter which was 61 in the previous quarter. To be sure, not all Blackstone seedlings go on to success. Arisawa ran Asian operations for Dinakar Singhs TPG-Axon from Hong Kong and left last year when Singh pulled back operations to New York, closing both his Tokyo and Hong Kong offices. John Wus Sureview Capital as well as Mark Blacks Raveneur Investment Group, which received start-up capital from Fund II in 2014, have both shut down. All quotes delayed a minimum of 15 minutes. SP IX has total commitments of $22.2 billion and SP GPS has total commitments of $2.7 billion. Silvergate Capital, the bank that bet big on the crypto industry, has sparked new worries after raising questions about its ability to stay in business. . The new fund, which already has seeded two newcomers and is in advanced discussions to seed another two, is Blackstones second foray into the hedge fund incubating business. . Competition to be part of Blackstones stable is fierce. In about four months, hundreds of individual investors sank some $355 million into a so-called hedge fund seeder set up by the New York-based investment firm, a recent regulatory filing shows. Many factors influence the success of a new hedge fund, including a sound investment strategy, a high-caliber team, robust operational infrastructure and qualified service providers. And it means its going to be harder than ever to hold onto any money you make. I am not a pioneer, said Gold. With its seeders, Blackstone is hoping to get in on the ground floor with promising new managers and profit down the road if these newcomers make it big. Alan Gold, a Chicago-area real estate financier and hedge fund investor, said hes a skeptic when it comes to seeders. Tax & Estate Planning Blackstone's tax-free hedge fund pitch draws scrutiny Senate Finance Committee Ron Wyden has requested information about private placement life insurance, which can be. Gregory Hall, also a senior managing director and co-head of BAAMs venture platforms with Mr. Soussa, is leaving the firm after a 12-year tenure to take time off before pursuing other interests, said a BAAM spokeswoman. And what does it take to get to the very top of this highly competitive world? Markets Insider, Black entrepreneur, real estate investor launches hedge fund to help Centered around the FIFA Interactive World Cup, our latest documentary reveals the people who make a living playing and the millions who watch them battle it out. If you're happy with cookies click proceed. For press inquiries, contact pressinquiries@blackstone.com. Shares came under pressure along with those of other alternative asset managers due to price declines across asset markets. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. Artisan Partners, an investment management company, released its Artisan Value Fund fourth quarter 2022 investor letter. As inflation and economic uncertainty persist into 2023, Jennifer Morgan, Global Head of Portfolio Operations, discusses whats on the minds of our portfolio company CEOs and which tools they need to succeed in this environment. Blackstone, of course, is not alone in the seeding business. Santulin is involved in portfolio management and in hedge fund manager evaluation, selection and monitoring. All quotes delayed a minimum of 15 minutes. The number of long hedge fund bets retreated by 5 lately. We also have the latest on Bed Bath & Beyond. Seed funds are only as good as the people picking the underlying funds.. But for hedge funds just starting out, partnering with someone like Blackstone can provide the help needed to get their businesses up and running. Read More about Byron Wien: A Good Start to the Year, Though Risks Remain. The firm is close to inking a deal with a new fund managed by Michael Pearl, an alumnus of Stanley Druckenmillers Duquesne Capital, and Howard Shainker, who previously worked for Dan Loebs Third Point Capital, people familiar with the selection process said. 130 E. Randolph St. See here for a complete list of exchanges and delays. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. Blackstone has already committed to also putting capital into a second portfolio that Wertentheil expects to raise after finishing fund raising for the first one, signalling the firms strong confidence in the manager. Our mission is to create long-term value for our investors through the careful stewardship of their capital. The red-hot interest in the Blackstone fund also shows how a firm best known for making private equity transactions is shaking up the hedge fund world. Securing seed investments from Blackstone often helps the new managers establish credentials and get up and running while it allows Blackstone to get in on the ground floor with promising newcomers. Reporting by Svea Herbst-Bayliss; Editing by Meredith Mazzilli. Our Standards: The Thomson Reuters Trust Principles. Wertentheil oversaw more than a billion in assets at Eton Park and stayed on to help close the firm. Warren Buffett has been investing and compounding for at least 65 years. In addition, please check the funds top five holdings to know its best picks in 2022. 50,000 visitors per month, Blackstone loses head of hedge fund seeding business, Coinbase Buys Crypto Arm Of Conn. Whats the appeal of watching someone play soccer electronically? articles a month for anyone to read, even non-subscribers. That means much bigger government. 685 Third Avenue Im Jeremy Hill, a reporter in New York, where investors in a Ponzi scheme that collapsed 14 years ago received an unexpected boost. Now Blackstone plans to write checks to as many as 14 other managers in addition to Arisawa, the people familiar with the matter said. Suite 3200 A spokeswoman for Blackstone declined to comment as did Seigas chief operating officer Irene Law. On March 1, 2023, Blackstone Inc. (NYSE:BX) stock closed at $89.78 per share. Ive had the great fortune to study the art of business-building with the best, said Mr. Hall in an e-mail. The money is especially welcome now that fundraising has become tougher than ever with many pension funds and other institutions reluctant to write checks to people without track records. Read More about Behind the Deal: Blackstones Investment in Esdec Solar Group. The good news is, this powerful new force can help you make a lot of money even in a bear market. Juergen Pinker, Bilal Khan and Amisha Parekh share a behind-the-scenes look at our investment in Esdec, a leading provider of rooftop solar mounting installations. HedgeWeek, David Einhorn's hedge fund picks 3 stocks he is bullish on for 2023 - He launched his hedge fund in 1956 with $105,100 in seed capital. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Critics note that seeder funds can have uneven records with some inevitable problems no matter how thorough the due diligence. We initially share this idea in October 2018 and the stock already returned more than 150%. Before joining Blackstone in 2019, Mr. Snider was a Portfolio Manager at General Motors Asset Management, where he focused on manager evaluation, selection, and monitoring across all hedge fund strategies on behalf of the pension fund. But not all investors are wowed by the seeding business. Our seed capital program can inject up to US$ 80M in new hedge funds. (Bloomberg) The big guys are backing Asias hedge-fund startups.. KKR & Co., Ziff Brothers Investments and Goldman Sachs Group Inc.s money management unit entered partnerships providing startup capital to hedge funds in the region for the first time in the past year. - Posted on May 26, 2022. Disclosure: None. That would have been 9.35% in hedge fund fees. Reporting by Svea Herbst-Bayliss in Boston; Editing by Matthew Lewis. - 2UrbanGirls, Capitalizing on Cannabis Crowdfunding with Federal Vetting, January 2023: Predictions, Premonitions, And Protocols, Andrea Alms Video: Money In Motion 44 - The Artificial Intelligence Conversation (ChatBot) Market. Blackstone is not alone in the seeding business, with rivals like Paloma Partners, Protg Partners and Reservoir Capital Group also making start-up investments in newcomers. For its first fund, Blackstone reviewed applications from about 250 prospective managers before picking just eight to write checks to. Competition for Blackstones seed money is always fierce. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. Out of all the thousands of the funds out there, maybe there are less than 100 funds even worth looking at that may come close to meeting my criteria. The all time high for this . The Index has declined 0.29 point over the past 12 months. He told the audience at the charity event the stock could double in the next few years if the industrial gas producer hires the right chief executive. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 In short, a powerful new economic force is quietly building behind Joe Biden and Im confident Biden can harness this forces inevitable wave, carrying him to a LANDSLIDE re-election win. See here for a complete list of exchanges and delays. To view recent press releases, click here. 16 High Growth Non-Tech Stocks That Are Profitable, 5Most Valuable Real Estate Companies in the World, 10 High Growth Dividend Paying Stocks to Buy. Critics note that seeder funds can have uneven records with some inevitable problems no matter how thorough the due diligence. Blackstone, which invests $79 billion in hedge funds, is making the investment with cash from its $1.5 billion Strategic Alliance Fund III which backs new entrants into the hedge fund. Another member of Blackstone's hedge fund solutions group is leaving the firm in the wake of a change in leadership, according to a report by Bloomberg. Blackstone, which invests $79 billion in hedge funds, is making the investment with cash from its $1.5 billion Strategic Alliance Fund III which backs new entrants into the hedge fund. He launched his hedge fund in 1956 with $105,100 in seed capital. The New York-based investor, one of the worlds biggest alternative asset managers, funded Keita Arisawas Hong Kong-based Seiga Asset Management earlier this month, the people said. Read More about Blackstone Strategic Partners Closes Record Private Equity Secondary Funds at $25 Billion. Tenth Floor We initially share this idea in October 2018 and the stock already returned more than 150%. The two seeder funds plus some $36 billion that the firm has in its hedge funds business have turned Blackstone into one of the most prominent and powerful investors in the hedge fund industry. Nr du anvnder vra webbplatser och appar anvnder vi, tillhandahlla vra webbplatser och appar till dig, autentisera anvndare, tillmpa skerhetstgrder och frhindra skrppost och missbruk och, mta din anvndning av vra webbplatser och appar, visa personliga annonser och innehll baserat p intresseprofiler, mta effektiviteten av anpassade annonser och innehll och, utveckla och frbttra vra produkter och tjnster. We still view the business as a proven long-term compounder of value, driven by a virtuous cycle of strong investment results leading to fundraising success. With its seeders, Blackstone is hoping to get in on the ground floor with promising new managers and profit down the road if these newcomers make it big. . secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. The red-hot interest in the Blackstone fund also shows how a firm best known for making private equity transactions is shaking up the hedge fund world. We will, in our mind, dominate that space the way we have dominated the seeding space. Blackstone manages $56 billion in funds-of-hedge-funds and seeds new managers.Shares of Air Products and Chemicals surged 4.52 percent to close Thursday at $116.93 after Pershing Square Capital Managements William Ackman talked up the stock at The Harbor Investment Conference in New York on Wednesday. This article is originally published at Insider Monkey. Blackstone, of course, is not alone in the seeding business. All quotes delayed a minimum of 15 minutes. Read More about Behind the Deal: American Campus Communities. To receive email alerts from Blackstone, sign up below. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. Silvergate is working diligently to file its 10-K as soon as possible and has no further comment at this time, a spokesperson said Thursday, referring to the overdue report. We see several investors trying to strike it rich in options market by risking their entire savings. * Blackstones hedge fund seeding funds find fast traction, * Second seeder fund has written checks to two managers. to generate high returns in the 20% to 30% range. An investor who invested $10,000 in Warren Buffetts hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees (this means Warren Buffett made more than $36,000 in fees from this investor). Despite Joe Bidens age, raging inflation, and his dismal 45% approval level. Send us feedback and tips at jhill273@bloomberg.net or Tweet/DM to @JeremyHtweets. Blackstone remains a smaller position in the portfolio.. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. So, how did Warren Buffett manage to generate high returns and beat the market? BOSTON (Reuters) - Wealthy investors are showing a healthy appetite these days for newly minted hedge fund managers, judging by the activity in one Blackstone Group BX.N managed portfolio. Indeed Kishore Moorjani, one of the eight managers tapped in Blackstones first seeder fund, has closed down and returned money to investors, people familiar with the matter said. Seed funds are only as good as the people picking the underlying funds., But for upstart managers, getting a chance to partner with a firm like Blackstone can be just the shot in the arm they need to get their businesses up and running. Blackstone Inc. (NYSE:BX) has a market capitalization of $107.961 billion. Blackstone Alternative Asset Management (BAAM), Blackstone's Hedge Fund Solutions platform, is the world's largest discretionary investor in hedge funds, with $66 billion in assets under management.
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