Blackstone and NWI Management Develop a New Platform to Invest in Emerging Markets

12 November 2014

New York, New York, November 12, 2014 – Blackstone Alternative Asset Management (“BAAM”), Blackstone’s hedge fund solutions business, and NWI Management, LP (“NWI”), a global macro hedge fund, launched Blackstone NWI Asset Management L.L.C. (“BNAM”), a new asset manager jointly owned by the two firms. BNAM will offer a platform of investment solutions for investors seeking to access fixed income emerging markets exposures.

NWI is contributing investment and trading capabilities for the new venture while BAAM is responsible for the non-investment functions, including operations, marketing, legal and compliance related duties. In addition to the Blackstone and NWI resources, BNAM has hired dedicated employees to focus on portfolio management and other functions for the BNAM platform.

The new venture will combine NWI’s extensive experience in trading emerging markets exposures with BAAM’s experience in running institutionalized business platforms to jointly create emerging markets exposures in a long biased format.

Blackstone

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with almost $300 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

NWI Management, LP

NWI Management, LP is an investment adviser who has been in business since 1999 and provides discretionary investment advisory services to private investment funds and separately managed accounts which are primarily intended for institutional investors and high net worth individual investors. NWI’s investment business is primarily in the area of global macro investing with an emphasis on emerging markets.

Contact:
Peter Rose
Blackstone
New York
+ 1 212.583.5871