March 17, 2021

HedgeFund

Blackstone’s Hedge-Fund Business to Launch Growth Strategy

The world’s biggest investor in hedge funds has hired former hedge-fund manager Scott Bommer to launch a new growth strategy, a move aimed at expanding

Blackstone

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Group Inc.’s hedge-fund business with offerings intended to generate big returns for clients.

The Blackstone Horizon platform, to be run by Mr. Bommer, will thematically invest in money managers focused on fast-growing public and private companies, Blackstone said. Horizon also will invest directly in stock markets.

The main fund of hedge funds at the Blackstone business had missed out on some of the rich returns coming from growth investing in recent years

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