Funds of Hedge Funds People Moves

Lee to head up research in Asia for Blackstone


Ted Lee, formerly of SPARX Asset Management, is joining Blackstone Alternative Asset Management as a managing director to head up the firm's Asian fund of funds operation in Hong Kong. The Asian operation was set up in 2006 when the firm transferred Greg Hall from the US.

Ted Lee

Blackstone Alternative Asset Management, which was the world's third largest fund of hedge funds with $25 billion at the end of June 2009, is also thought to be one of the largest funds of hedge fund organisations in the region in terms of assets under management.