trending Market Intelligence /marketintelligence/en/news-insights/trending/UV980G_A1M2L5vWD_kW2DQ2 content esgSubNav
In This List

Blackstone to shutter hedge fund Senfina Advisors


Insight Weekly: Fed's policy stance; overdrafts under scrutiny; energy stocks rally


Latin American and Caribbean Market Considerations Blog Series: Focus on LGD


Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blackstone to shutter hedge fund Senfina Advisors

Blackstone Group LP will shut down hedge fund Senfina Advisors LLC following double-digit losses on investments in 2016, Reuters reported, citing a spokeswoman.

Senfina Advisors' head, Parag Pande, and several of the fund's portfolio managers will leave the company, the news outlet said, citing "a source familiar with the decision."

Most of the $1.8 billion that the fund manages for large clients will likely be maintained at Blackstone as requests for redemption have been minimal, Reuters said.