NEW YORK: Blackstone Inc is launching its first hedge fund for affluent individuals, as the US$1.3 trillion asset manager intensifies its push to bring alternative investments to doctors, lawyers and other professionals with disposable income to invest.
The new fund aims to make relatively liquid bets, meaning they can be easily sold, across an array of asset classes including credit, equities and so-called special situations, one-off events such as corporate spinoffs or supply-chain disruptions.
