Our Hedge Fund Solutions group, Blackstone Alternative Asset Management (BAAM®), is the world’s largest discretionary investor in hedge funds. With approximately $80 billion in assets under management as of September 30, 2018, BAAM aims to provide its clients with investment solutions via various different means, including customized and commingled portfolios, special situations, seeding, GP ownership, and registered products. Our investors include many of the world’s leading institutional investors, including corporate, public and union pension funds, sovereign wealth funds and central banks.
BAAM’s overall investment philosophy is to protect and grow investors’ assets through both commingled and custom-tailored investment strategies designed to deliver compelling risk-adjusted returns and mitigate risk. Approximately half of the assets we manage are invested in customized vehicles created to meet client-specific objectives. Importantly, our team has deep experience in the disciplines needed to drive our various strategies.
Our interests are closely aligned with our clients', with over $1.8 billion of the firm's and employees’ assets invested alongside those of our clients.