An investor group made up of Blackstone Group Inc., Carlyle Group Inc. and Hellman & Friedman, will take a majority stake in Northfield, Illinois-based Medline Industries, Inc. Medline Industries is a medical supply company. Good Hill is a fixed income manager that seeks to achieve attractive risk-adjusted returns by pursuing a relative value, long-biased investment strategy, primarily through investments in mortgage-backed and asset-backed securities. BXMIX’s investments involve special risks including, but not limited to, loss of all or a significant portion of the investment due to leveraging, short-selling, or other speculative practices, lack of liquidity and volatility of returns. This site and the materials herein are directed only to certain types of investors and to persons in jurisdictions where the fund is authorized for distribution. Found inside – Page 482.2.4 Blackstone-Hovnanian (2017–2018) In 2013, Blackstone Alternative Asset Management (“BAAM”)— the largest discretionary investor in hedge funds and an ... The value of the Fund’s shares may go own as well as up and there can be no assurance that the Fund will achieve its investment objectives or avoid significant losses. Seeks to deliver steady growth with a focus on maximizing risk-adjusted returns over a full market cycle. 1. DESIM, a member of the D.E. In addition, the dynamic distribution strategy reduces the need to retain reserves from net investment income to support the stability of future distributions. The Sub-Adviser is a global energy trader and risk manager, which operates across North American and European energy markets. All returns include dividend and capital gain distributions. Derivatives Risk – the use of derivatives involves the risk that their value may not move as expected relative to the value of the relevant underlying assets, rates, or indices. Seeks to mitigate volatility through exposure to diversifying assets. Mr. Htoo received a BA in Business Economics with Honors from Brown University. Private Equity International's database of global private equity LP, GP and fund profiles is continually updated by our expert team. Prior to those roles, Mr. Chan structured and marketed cross-asset derivatives within the Securities Division of Goldman Sachs. Caspian creates comprehensive models to evaluate important fundamental characteristics such as asset quality, market share, industry value chain dynamics, free cash flow, liquidity, capital structure and/or possible near-term catalysts. Mr. Sullens received both a BA in Economics and an MS in Industrial Engineering from Stanford University. Magnetar manages a portion of the Fund’s assets using a risk arbitrage strategy. Found inside – Page cdxxxviiB's credit balance admittedly represents the proceeds of A's original crime, but it has never ... namely that the funds in B's account are stolen goods. Bayforest/G10 is a multi-asset quantitative research firm that combines realtime statistical inference analytics with deep market expertise. Prior to that, Mr. Morris was a Global Economist with HSBC in London for three years and in Melbourne for two years. Any allocation by Blackstone to a subsidiary or other affiliates (such as BRESSA) benefits The Blackstone Group Inc. and any redemption or reduction of such allocation would be detrimental to The Blackstone Group Inc., creating potential conflicts of interest in allocation decisions. Waterfall’s proprietary investment process employs fundamental, technical, and cyclical analysis to analyze an investment opportunity. Speaking at the Jackson Hole, Wyo., conference, he said the central bank would probably start winding down its bond purchases by the end of the year, but that rate hikes wouldn’t be in the offing long time. Portfolio exposures in the table reflect exposures as of the date of this report. QTS Realty Trust to Be Acquired by Blackstone Funds in $10 Billion Transaction. One of the most successful allocators, Blackstone's Hedge Fund Solutions unit, recently reported having more than $68 billion of client assets that it invests in other managers' funds. Cerberus’ investment strategy focuses on agency and non-agency mortgage-backed securities, interest rate products and synthetic indices. Ms. Keenan graduated cum laude with an A.B. Found insideBased on original interviews conducted by the authors, this book is filled with colorful stories on the subjects that most matter to the high-level investor, such as selecting and working with management, pioneering new markets, adding ... Any allocation by Blackstone to a subsidiary or other affiliates (such as BRESSA) benefits The Blackstone Group Inc. and any redemption or reduction of such allocation would be detrimental to The Blackstone Group Inc., creating potential conflicts of interest in allocation decisions. BX LCS is focused on generating risk-adjusted returns with a strong emphasis on capital preservation across various credit instruments including bank loans, high yield bonds and collateralized loan obligation (“CLO”) securities. Mr. Htoo began his investment career as an Analyst at Och-Ziff Capital Management Group and then as a Portfolio Manager at Citadel. The parent company of a Sub-Adviser owns a controlling, majority interest in Arcesium and BAAM owns a non-controlling, minority interest in Arcesium. Citigroup Global Markets Inc., Barclays, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as financial advisors to Blackstone, and Simpson Thacher & Bartlett LLP is acting as its legal counsel. AUM reflects approximate investor capital managed by Magnetar and its affiliated investment managers, on a discretionary and non-discretionary basis, including designated investments in side pockets and unfunded commitments (money committed to any fund managed by Magnetar and its affiliated investment managers as of the report date, but not yet transferred by the investors). After a bearish Saturday, a Bitcoin move back through to $49,500 levels would be needed to support the broader market. (2) The BAIA Investment Committee consists of Gideon Berger, Ray Chan, Min Htoo, Robert Jordan, Ian Morris, Alberto Santulin and Stephen Sullens. As the value of these other holdings are not reflected in the above exposure figures, the table does not reflect the Fund’s total currency exposure. Here's another cold, hard truth that many proponents of penny stocks don't tell you: Many low-priced shares stay low for a very long time. The Sub-Adviser seeks to capture opportunities arising from the disruption in energy markets by leveraging its energy market experience and predictive modelling platform. Jasper is an institutionally focused quantitative investment manager that aims to take advantage of the idiosyncrasies of the Chinese A-share market regulatory environment and investor participant behavior. Before joining Blackstone in 2010, Mr. Morris was Chief US Economist at HSBC in New York for ten years, managing the firm’s North American macroeconomic research team and providing advice and forecasts on macro trends and risks to clients, including financial institutions, non-financial corporations, central banks and sovereign wealth funds. BX LCS’s investment strategy for the Fund is focused primarily on investments in below-investment grade corporate credit. All investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. Upon completion of the transaction, the parties expect that QTS will continue to be led by its senior management team and maintain its corporate headquarters in Overland Park, Kansas. Multi-Manager Risk – managers may make investment decisions which conflict with each other and as a result, the Fund could incur transaction costs without accomplishing any net investment result. Prior to joining Rasini, Mr. Santulin worked in London for Banque Paribas where he was in Fixed Income Derivatives Sales & Trading covering Italian institutions and hedge funds. Found inside – Page 489In 2012, Blackstone launched its first dedicated energy fund, Blackstone Energy ... In 2008, Blackstone emerged as one of the largest credit-oriented ... World’s largest discretionary investor in hedge funds1 with $79 billion in AUM2, Over 100 investment professionals with experience across all of the key investment strategies, Disciplined investment and operational due diligence; proprietary risk management and technology, Deep, differentiated relationships with hedge fund talent. (“BRESSA”), an affiliate of BAIA and an indirect wholly-owned subsidiary of Blackstone Inc., serves as a Sub-Advisor Sub-Adviser. Any allocation by Blackstone to a subsidiary or other affiliate benefits Blackstone Inc. and any redemption or reduction of such allocation would be detrimental to Blackstone Inc., creating potential conflicts of interest in allocation decisions. The strategy benefits from the Sub-Adviser’s specialized team of investment professionals who trade and manage risk across both physical and financial markets. In order to access these materials, you must confirm that you are a United States Person: This page is not an offer to sell the Fund’s securities and is not soliciting an offer to buy the Fund’s securities. Sloan School of Management. Through its software-defined technology platform, QTS is able to deliver secure, compliant infrastructure solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises, and government entities. All investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. (2) Refers to Cerberus Capital Management, L.P. (“CCM”). Additional information regarding the identity of participants in the solicitation of proxies, and their direct or indirect interests in the proposed transaction, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with the SEC in connection with the proposed transaction. The data presented above is based on information obtained or derived from the Sub-Adviser. Index data is obtained from unaffiliated third parties and is subject to subsequent adjustments. AUM as of June 30, 2021. It combines a value-oriented investment approach with a macro overlay. In connection with the proposed transaction. At his most widely anticipated annual remarks, US Federal Reserve Bank chair Jay Powell talked about—you guessed it—inflation. "We see a significant market opportunity for growth as hyperscale customers and enterprises continue to leverage our world-class infrastructure to support their digital transformation initiatives. With markets rising, IPO activity has also increased. Further information is available at www.blackstone.com. Blackstone's bid amounts to a little more than 28 times QTS's funds from operations (FFO) for the trailing 12 months. Min Zaw Htoo is a Senior Managing Director of The Blackstone Group and Co-Chief Investment Officer of the Hedge Fund Solutions Group. INVESTORS AND SECURITY HOLDERS OF QTS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT QTS FILES WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Found insideIn a new afterword specially commissioned for the story's 20th anniversary, Burrough and Helyar return to visit the heroes and villains of this epic story, tracing the fallout of the deal, charting the subsequent success and failure of ... (1) While the Firm’s management business started in 2000, its current management company, Emso Asset Management Limited, was formed in 2003. Contact the Funds at 1 (877) 299-1588 or visit the Funds' website at www.blackstone-credit.com for additional information. AdvisorsJefferies LLC and Morgan Stanley & Co. LLC are acting as financial advisors to QTS, and Hogan Lovells US LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP are acting as legal counsel to QTS. Important Disclosures Regarding Index Comparisons: Indices are provided for illustrative purposes only and have not been selected to represent benchmarks for the Fund, but rather are disclosed to allow for comparison of the Fund’s performance to that of well-known and widely recognized indices. This page is not an offer to sell the Fund’s securities and is not soliciting an offer to buy the Fund’s securities. "We are focused on investing in assets that are benefitting from strong, secular tailwinds, such as the rapid digitalization of data. Mr. Chan began his career as a consultant with Oliver Wyman. Emso’s investment strategy typically pursues value-oriented investments and transactions in the securities of sovereign and corporate obligors, principally in emerging markets, which are primarily rated non-investment grade. QTS will be jointly owned by Blackstone Infrastructure Partners and Blackstone Real Estate Income Trust ("BREIT"). This overlay hedging may seek to hedge excessive market, interest rate, currency, issuer or other investment risk. He has earned the right to use the Chartered Financial Analyst designation. High Portfolio Turnover Risk – active trading of securities can increase transaction costs (thus lowering performance) and taxable distributions. Conflicts of Interest Risk: Blackstone and the Sub-Advisers have conflicts of interest that could interfere with their management of the Fund. Blackstone Real Estate Special Situations Advisors L.L.C. Check the background of this firm on FINRA’s BrokerCheck. Prior to joining Blackstone in 2017, Mr. Htoo led Anandar Capital Management as Founder and CIO. HFRX Global Hedge Fund Index: is designed to be representative of the overall composition of the hedge fund universe. Mr. Sullens oversees portfolio management for all of BAAM’s multi-manager programs. Mr. Santulin is involved in portfolio management and in hedge fund manager evaluation, selection and monitoring. MSCI World TR Index: a market capitalization weighted index designed to provide a broad measure of large and mid‐cap equity performance across 23 developed markets countries. Seiga performs fundamental bottom-up research focusing on market inefficiencies and idiosyncratic ideas. Assume potentially attractive risk that only exists because of non-economic decision-making many shapes and,! A stabilization and recovery of emerging markets has earned the right to use the financial! Fund ( BGX ) will begin trading ex-dividend on June 22, 2021 are subject to change your cookie.! 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