Blackstone Alternative Asset Management hired Luminus Management and Shelter Growth Partners as subadvisers to its Blackstone Alternative Multi-Strategy Fund, according to an SEC filing Wednesday.
The $6.5 billion multistrategy fund allocates assets to managers that specialize in global macro, quantitative and opportunistic trading strategies, among others.
Also, according to a separate SEC filing Wednesday, the fund removed H2O Asset Management as a subadviser effective May 31.
The reason for the removal of H2O was not provided. H2O's exit leaves the multistrategy fund with 19 subadvisers.
Officials at Blackstone Alternative Asset Management could not be immediately reached for further information.
