BlackStone Group has chosen 11 hedge fund managers and two Sigma Advisers to manage its newly created mutual fund. WSJ MoneyBeat reporter Juliet Chung writes that a person familiar with the mutual fund said investments are to be structured in such a way that it will allow clients daily liquidity.

Blackstone isn't the only group starting liquid alternative mutual funds. Smaller firms such as Arden Asset Management, partnering with Grosvenor Capital Management and Fidelity [profile] have launched or announced they will launch similar funds, Chung reports.

To read more of the WSJ story, click here. To read MFWire coverage of BlackStone Group's mutual fund launch, click here.  

Edited by: Casey Quinlan


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