Funds of Hedge Funds Overview

We manage a variety of funds of hedge funds. Our funds of hedge funds operation was founded in 1990 to manage the internal assets of both Blackstone and our senior managing directors through a diversified portfolio of hedge fund investments. Working with our clients over the past fifteen years, our funds of hedge funds group has developed into a leading manager of institutional funds of hedge funds with offices in New York, London and Hong Kong.

Our funds of hedge funds professionals have constructed a broad range of products using sophisticated quantitative and qualitative analyses in an effort to identify the best fund managers and combine them to create products that have appropriate risk profiles and return objectives for investors in our funds of hedge funds. Our funds of hedge funds group pursues differing strategies, including broadly diversified funds, strategy focused funds (for instance, funds focused on emerging markets), opportunistic funds (for instance, funds that invest in niche strategies or with activist managers) or client customized funds.

Unlike many other funds of hedge funds, we are focused on institutional investors, which comprise most of our funds of hedge funds investor base. We believe that institutional investors provide a more stable base of investors than individual investors. Our funds of hedge funds group works with its institutional clients to meet their specific needs either with its broad product range or the creation of customized investment strategies.