Posts Tagged ‘Joan Solotar’

Blackstone Towers over Feeder Funds

February 9, 2011

Chidem Kurdas

Fund of hedge funds are still reeling from the Madoff fraud and huge redemptions. They had another net outflow of assets in 2010, despite investors moving back to hedge funds. But you would not know that this sector is in dire straits from Blackstone, which ended the year with a net inflow of $4.3 billion into its fund of funds and started a second manager seeding vehicle to feed the investment program.

Do other fund of funds have a chance? Certainly some are trying, even as the Blackstone behemoth attracts institutional investors.  (more…)