Blackstone Alternative Asset Management selected 11 subadvisers for its first daily-valued hedge fund mutual fund, which launched on Tuesday.
Managers for Blackstone Alternative Multi-Manager Fund are:
- Boussard & Gavaudan Asset Management
- BTG Pactual Asset Management US
- Caspian Capital
- Cerberus Capital Management
- Chatham Asset Management (Chatham, N.J.-based)
- Credit Suisse Hedging-Griffo Servicos Internacionais
- Good Hill Partners
- HealthCor Management
- Nephila Capital
- Two Sigma Advisers
- Wellington Management.
The fund is managed by BAAM's hedge fund solutions group, which may elect to manage some of the fund's assets internally or allocate assets to additional external managers.
“We approached the portfolio construction process by leveraging our … experience constructing custom solutions for … institutional investors. We are confident that we have identified hedge fund strategies and manager skill sets that translate well into a multimanager solution in a 1940 Act framework,” said Stephen Sullens, senior managing director and BAAM's head of portfolio management, in a news release.