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Blackstone to close dedicated mutual fund

Blackstone GroupLP on April 7 announced that BlackstoneAlternative Investment Advisors LLC will close the .

Blackstone launched the Blackstone Alternative Multi-ManagerFund in August 2013 as a dedicated vehicle for Fidelity Investments. As of March31, the fund's AUM was $631 million.

Blackstone will liquidate the fund on or before May 31.