|Following more than 5 years of planning, global financial behemoth Blackstone Group is set to launch its newest venture, Blackstone Senfina Advisors. According to the Wall Street Journal, Blackstone Group is marshaling its massive resources to recruit top tier trading talent who will be organized into separate management teams, each staked with at least $100 million that can be leveraged up to four times. |
Senfina Advisors’ trading teams will be headed up by former top traders, including Ziff Brothers Investments veteran David Briggs and Serengeti Asset Management veteran Billal Sikander, among others.
|Hedge Fund Lists|
Each team at the emerging manager
will be given wide latitude to pursue their own investment ideas within the multi-strategy hedge fund, focusing their efforts on finding opportunities for big and concentrated investment bets. The trading teams, which are expected generate long-term returns in excess of four percentage points above market returns, will be compensated with a flat fee plus performance bonuses.