When you are number one, the tendency is to look only at the numbers. While Blackstone Alternative Asset Management (Baam) may be the world’s largest discretionary allocator to hedge funds, it emphasises what it does differently rather than the amount of cash it manages.
Nevertheless, the significant amount of money Baam has gives it an edge over competitors as well as allowing it the freedom and scope to be more innovative and imaginative in how it approaches hedge fund investment.
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The week on Risk.net, July 14–20, 2017Receive this by email