Blackstone to invest $200 mln in Phelps’s hedge fund startup: Bloomberg

This post is by Luisa Beltran from Pe Hub Blog: Firms & Funds

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Blackstone Group is investing $200 million in a hedge fund startup run by Michael Phelps, the former head of European credit at BlackRock, Bloomberg is reporting. Phelps’s Tresidor Investment Management is on course to become one of London’s biggest funds this year, the story said.

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