Blackstone to launch hedge fund platform Senfina in Britain

Blackstone Group is planning to bring its multi-manager hedge fund platform Senfina Advisors to Britain, three sources with direct knowledge of the move told Reuters. The platform, which allows investors to access a number of underlying hedge fund managers, was launched in the United States in 2014 and had almost $2 billion in assets under management last month, the first source told Reuters.
The move follows a strong performance for Senfina last year. It rose 23 percent between January and November, the first source said, while hedge funds rose 0.27 percent on average over the same period, data from Hedge Fund Research shows. In preparation for the British launch, the date of which has yet to be decided, two of the sources said that Blackstone is in the process of searching for portfolio managers.