Kentucky Pension Plan Case Raises New Worries for Asset Managers

Article 0 Comments KKR & Co., Blackstone Group LP and their founders must face a lawsuit alleging they failed to deliver hedge fund returns as advertised, a judge in Kentucky ruled Friday in a decision that may present new legal challenges for managers of alternative investments. The lawsuit, filed in […]

Blackstone Wants to Manage More Insurance Money

Article 0 Comments Bets on Spanish housing and oil assets helped Blackstone Group LP mitigate stock market jitters that weighed on it in the first quarter, with earnings at the world’s largest manager of alternative assets falling less than expected. Profits have soared at private equity firms such as Blackstone […]

Private Equity Firm Blackstone Eyes Insurance Data Analytics Business

Article 0 Comments Blackstone Group LP has bigger plans for insurance companies than just managing their money. The world’s largest private equity firm is expanding into a lucrative business dominated by BlackRock Inc.: portfolio risk analytics. Bennett Goodman, co-founder of Blackstone’s GSO credit unit and chairman of its new insurance-solutions […]