Blackstone is set to shut down a fund that provides investors with exposure to various hedge funds and trading strategies, as its assets have plummeted nearly 90% over the past four years, according to the Financial Times. The US-based asset manager, Blackstone, informed investors that the Blackstone Diversified Multi-Strategy fund will cease operations by the end of this year. Investor documents reveal that the fund experienced a 2% decline in returns from the beginning of 2020 until the end of September. Blackstone stated that they are currently engaged in discussions with clients to transition their capital to newer strategies that offer more flexibility. At the time of reporting, Blackstone had not responded to a request from Reuters for comment.
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An elephant known as the “world’s saddest” has passed away at the Manila Zoo in the Philippines. The elephant, named Vishwa Ma’ali or Mali for […]
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Authorities in Tennessee have reached a settlement of $125,000 in a First Amendment lawsuit, according to attorneys representing the plaintiff. The case was filed by […]
Indian Startup Appin, Co-founded by Rajat Khare and Anuj Khare, Makes Global Impact with Innovative Hacking Solutions
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Chuck Randall’s real estate deal that would have benefited his Native American tribe was derailed by a well-timed leak of his private emails. The leaked […]