03:19 PM EDT, 03/30/2026 (MT Newswires) -- (Updates with Blackstone's response in the last paragraph.)

Blackstone (BX) is launching Blackstone Multi-Strategy Hedge Fund for affluent clients, including doctors, lawyers and other professionals, Bloomberg reported Monday, citing people familiar with the matter.

The new fund will focus on relatively liquid asset classes such as credit, equities and special situations, including one-time events like corporate spinoffs or supply-chain disruptions, as well as invest nearly 30% of its assets in other hedge funds, according to the report.

The hedge fund plans to start trading this year and is open to accredited investors, with a net worth of $1 million or an income of $200,000 for individuals, and qualified purchasers with at least $5 million in investments, Bloomberg said.

A Blackstone spokesperson declined to comment when contacted by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 111.13, Change: +3.06, Percent Change: +2.83