RIC Watch: Blackstone latest to take the ‘retail’ RIC road

Mon Dec 5, 2011




Blackstone Alternative Asset Management and Permal Investment Management are set to enter the 1940 Act registered investment company market in the US, signalling an intention to gather assets in the retail distributor world usually reserved for long-only mutual funds.

While such a move by Permal is not unexpected given its parent, Legg Mason, is one of the largest mutual fund providers in the US, this act by Blackstone, the largest fund of hedge funds in the world with $37.21 billion under management, is significant given its private equity/institutional roots.

In fact, Legg Mason Investor Services...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI