• 19 Jun 2009 at 1:03 PM

Finally Someone Who Doesn’t Hate Hedge Funds

By Greg Michaels

Shanghai.jpgIt turns out hedge funds do have a friend in this world- China. While legions of politicians in DC spend countless hours and dollars determining how best to handicap the hedgies’ ability to operate in the free market, the sovereign wealth fund of the People’s Republic is ready to part with $500 million and see what ruthless speculators such as Blackstone can do with it.
CIC Said to Invest $500 Million in Hedge Funds, Blackstone [Bloomberg]

Comments (7)

  1. 1
    Posted by guest | June 19, 2009 at 1:31 PM

    $hit. Is this story going to bring theBlackStoneGroupie back?

  2. 2
    Posted by guest | June 19, 2009 at 1:45 PM

    Blackstoned.

  3. 3
    Posted by guest | June 19, 2009 at 1:49 PM

    BLANUS!

  4. 4
    Posted by guest | June 19, 2009 at 3:12 PM

    I always thought Blackstone worked for the chinese, now its out in the open.

  5. 5
    Posted by guest | June 19, 2009 at 3:59 PM

    which Blackstone hedge fund? they shut down or put off LS funds in last year’s turmoil.

  6. 6
    Posted by guest | June 20, 2009 at 12:56 PM

    $500 million out of the $200 billion dollar fund they manage. Piss in an ocean…

  7. 7
    Posted by eliasv | June 22, 2009 at 2:12 AM

    Funds has relationship with the budget that the economy of China should take a close look to.In modern industrial economies, the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard economic growth in certain areas of the economy and because views about priorities in government spending differ widely, government budgets are the focus of competing political interests.As long as someone has been making and distributing goods or services, there has been some sort of economy; economies grew larger as societies grew and became more complex.The third Friday of every June, and March, September and December are referred to as quadruple witching days. Quadruple witching days are days on which the stock market sees a large gain towards the end of the day’s trading in four different securities, stock index futures, stock market index options, stock options, and single stock futures. Single stock futures didn’t use to be on the list, but were put on the list in 2002 as part of deregulation of the stock market. (We all know how that turned out.) It used to be known as triple witching (likely a reference to the 3 witches in MacBeth), and it means no payday loans no faxing for traders on quadruple witching day.

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