Blackstone Alternative Asset Management L.P.

RIASEC Registered

Total AUM

$92B

Discretionary

$88.3B

96% of AUM

Avg account

$529M

Accounts

174

Employees

293

Advisory reps

Firm details

Headquarters: New York, New York
CRD number: 107580
Registered since: August 28, 1996
Website: www.blackstone.com
Custodians: THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION, CITCO CANADA, RBC CAPITAL MARKETS, LLC
Fee structure: Percentage of AUM, Performance Based Fees
Client types: Pooled Investment Vehicles88.44%
Other Investment Advisers4.33%
Sovereign Wealth Funds3.15%
Corporations / Businesses2.17%
Pension & Profit Sharing Plans1.91%
Services: Portfolio Management for Pooled Investment VehiclesSelection of Other Advisers

Firm profile

FINTRX

Overview

Blackstone Alternative Asset Management L.P. is a limited partnership that operates as a hedge fund manager focused on institutional clients. The firm is SEC-registered (first registered in 1996) and functions as both a commodity pool operator/commodity trading advisor and an adviser to pooled investment vehicles. Its advisory work includes portfolio management for pooled vehicles and the selection of other advisers. Fee arrangements combine a percentage of assets under management with performance-based fees. The firm identifies as an active ESG investor and, per its filings, is organized to sponsor and manage pooled investment vehicles rather than acting primarily as a capital allocator.