Blackstone is one of many alternative asset managers that have decided to branch out into mutual funds and take advantage of investors looking to access new strategies and diversify their portfolios. Hedge fund consultant Cordium has launched an offering that will assist hedge funds looking to move into the mutual fund space by helping them operate under the Rule 38a-1 compliance program, FIN Alternatives writes.

Cordium US CEO Bill Mulligan said to FIN Alternatives in a statement, "Hedge fund advisers are looking to offer alternative mutual funds as investors seek access to innovative strategies that offer diversification to their portfolios."

To read more, click here. 

Edited by: Casey Quinlan


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE