And yet another private equity firm has jumped on the mutual fund hedge bandwagon.

The Blackstone Group will launch a mutual fund of hedge funds, according to FINalternatives.

The publication reports that Blackstone filed this week to register the Blackstone Alternative Investment Funds. Blackstone's move follows Kohlberg Kravis Roberts' July registration of two mutual funds.

According to FINalternatives, there weren't a lot of details in the SEC filing. For example, Blackstone did not specify when it hopes to launch the fund, a minimum investment requirement or its fee structure.

But it did say that it would invest in global macro, opportunistic, quantitative and managed futures hedge funds.

Blackstone also said it would offer the fund through investment advisors, consultants, broker-dealers and others. 

Edited by: Tommy Fernandez


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