Jonathan Xiong’s Arrowpoint Investment Partners fund is expected to start with about US$1bil. — Bloomberg
SINGAPORE: Blackstone Inc agrees to back a new Asia-focused hedge fund headed by a former executive at Millennium Management in one of the region’s biggest launches this year, according to people with knowledge of the matter.
Jonathan Xiong’s Arrowpoint Investment Partners is also in talks with other institutional investors as potential early backers, said the people, who asked not to be identified, discussing private information.
