Blackstone is folding its hedge fund seeding operation into its $60bn Absolute Return platform, a move designed to give the firm greater scale as competition intensifies among multi-strategy managers seeking to attract and retain trading talent, according to a report by Bloomberg.
The Strategic Alliance Fund (SAF), which provides early-stage hedge fund managers with long-term seed capital, will now operate within Absolute Return, with investments sourced and executed by the same teams that alloc...
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