Blackstone launches hedge fund products for individual investors for the first time.

Sina Finance reported on March 31 that Blackstone Group is launching its first hedge fund aimed at wealthy individuals. The company, which manages $1.3 trillion in assets, is increasing its efforts to promote alternative investments to professionals with disposable income such as doctors and lawyers. The new fund aims to make relatively liquid investments, meaning that the assets can be easily sold, covering various asset categories such as credit, stocks, and so-called "special situations." "Special situations" include one-time events such as corporate spin-offs or supply chain disruptions. Insiders said that about 30% of the fund's assets will be invested in other hedge funds. According to documents, the fund, named "Blackstone Multi-Strategy Hedge Fund," is scheduled to begin trading this year and is open to "qualified investors." Qualified investors typically need to have a net worth of at least $1 million or annual individual income of $200,000.