{"id":4252,"date":"2006-04-11T00:00:00","date_gmt":"2006-04-11T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-report-private-equity","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/04\/2006\/hedge-fund-report-private-equity.html","title":{"rendered":"Hedge Fund Report: Private Equity"},"content":{"rendered":"<p>Street.Com &#8211; <span class=\"default\">Private equity firms continue to stage landings on the hedge fund beachhead. Following the lead of Texas Pacific and more recently Kohlberg Kravis Roberts, theBlackstone Group announced the creation of a new hedge fund that will focus on long\/short equity. It&#8217;s the firm&#8217;s second hedge foray; a distressed investing vehicle launched in December 2004currently runs $600 million. Blackstone is already one of the largest funds-of-hedge-funds managers, with about $12 billion under management. Its single-manager effort is still relatively new.<\/span><\/p>\n<p>  <span class=\"default\">Blackstone hired Manish Mittal, a managing director at $10 billion hedge fund Perry Capital, to lead the new venture. Prior to Perry, Mittal worked at two other major hedge  funds: Kingdon Capital Management and SAC Capital Advisors. He started his career as a private equity analyst at <strong>Goldman Sachs<\/strong> (<a href=  \"http:\/\/tools.thestreet.com\/tsc\/quotes.html?pg=qcn&amp;symb=GS\">GS<\/a>:NYSE &#8211; <a href=\"http:\/\/find.thestreet.com\/cgi-bin\/texis\/find\/results.html?tkr=GS\">news<\/a> &#8211; <a href=  \"http:\/\/thestreet.investor.reuters.com\/reports.aspx?ticker=GS\" target=\"_blank\">research<\/a> &#8211; <a href=\"http:\/\/find.thestreet.com\/cgi-bin\/texis\/cramertake?tkr=GS&amp;site=tsc\">Cramer&#8217;s  Take<\/a>).<\/span><\/p>\n<p><a href=\"http:\/\/www.thestreet.com\/_tscs\/markets\/activetraderupdate\/10278365.html\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Street.Com &#8211; Private equity firms continue to stage landings on the hedge fund beachhead. Following the lead of Texas Pacific and more recently Kohlberg Kravis Roberts, theBlackstone Group announced the creation of a new hedge fund that will focus on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4252","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4252"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4252\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}