State-owned company China National Chemical Corporation (ChemChina) and hedge fund manager the Blackstone Group announced the closing of Blackstone’s investment in ChemChina subsidiary, China National Bluestar Corporation.
Bluestar has also completed its group restructuring and has registered as a Sino-foreign joint stock limited company. Blackstone will invest up to $600 million in Bluestar for a 20% stake. Two Senior Managing Directors of Blackstone, Antony Leung and Ben Jenkins, will join the board of Bluestar.
Headquartered in Beijing, ChemChina was founded in 2004, and administrated by the State-owned Assets Supervision and Administration Commission of the State Council of China. Through fast growth in the last 4 years, ChemChina is now a large group corporation with both asset value and revenue exceeding RMB100 billion ($14.6 billion). ChemChina is ranked 35th among China's top 500 corporations, according to National Bureau of Statistics of China.
The Blackstone Group's alternative asset management businesses include the management of corporate private equity funds, real estate opportunity funds, funds of hedge funds, mezzanine funds, senior debt funds, proprietary hedge funds and closed-end mutual funds.
6 Oct 2008
HedgeCo Launches Hedge Fund Calculator
HedgeCo Networks LLC today announced the launch of the next generation online analytical and reporting tool, the Hedge Fund Calculator. Designed for hedge funds and funds of hedge funds, the calculator is available for a monthly or annual subscription service. HedgeCo says, "(the calculator) facilitates the rapid computation of quantitative statistics, net performance numbers and the creation of branded marketing materials."
Aaron Wormus, Managing Director of HedgeCo Networks said, "Through the HedgeCo.Net hedge fund database and Hedge Fund Websites platform, we have worked with thousands of funds worldwide to create statistical performance reports and compelling investor presentations."
"By combining our deep experience with cutting edge development technology, we have been able to deliver a powerful and cost-effective tool that can dramatically enhance marketing and reporting capabilities at any hedge fund firm." Wormus explained.
Key features of the Hedge Fund Calculator include:
* Online Access - Easily create, modify and distribute reports from any web-connected PC
* Branded & Customized Tearsheets - Quickly update fund information, customize statistics, select data points and generate PDF reports with a simple 3-click process
* Contact Manager - Efficiently manage investor and prospective investor lists, email fund marketing materials and track leads with integrated, easy-to-use contact management
* Benchmark Analysis - Compare fund performance to industry standard benchmarks, HedgeCo Indices or add your own benchmarks.
Agecroft Hires Hedge Fund Manager
Hedge fund third party marketing firm, Agecroft Partners has hired its 5th Managing Director, Jarratt Ramsey. Jarratt spent the last 11 years at multi-billion hedge fund Chesapeake Capital Management.
"Jarratt is a wonderful addition to our firm. Our business model is to introduce large well established hedge funds in a consultative manner to institutional investors," Agecroft Partners' Managing Partner Don Steinbrugge said, "It is imperative that the members of our firm are highly technically competent. Jarratt's educational and professional experiences are very impressive. Furthermore, his knowledge of the hedge fund industry, and security markets should give him a lot of credibility with large institutional investors."
Jarratt's responsibilities will include assisting with due diligence on potential hedge funds the firm may represent and introducing the firm's hedge fund clients to large institutional investors located within the Northern region of the United States.
Agecroft Partners recently received the 2008 Third Party Marketer of the Year award. It was founded by Donald A Steinbrugge, CFA, a Founding Principal of Andor Capital Management when it was the 2nd largest hedge fund firm in the world. Don was also Head of Institutional Sales for Merrill Lynch Investment Managers. Agecroft Partners, LLC is a Member FINRA and SIPC.
"Jarratt is a wonderful addition to our firm. Our business model is to introduce large well established hedge funds in a consultative manner to institutional investors," Agecroft Partners' Managing Partner Don Steinbrugge said, "It is imperative that the members of our firm are highly technically competent. Jarratt's educational and professional experiences are very impressive. Furthermore, his knowledge of the hedge fund industry, and security markets should give him a lot of credibility with large institutional investors."
Jarratt's responsibilities will include assisting with due diligence on potential hedge funds the firm may represent and introducing the firm's hedge fund clients to large institutional investors located within the Northern region of the United States.
Agecroft Partners recently received the 2008 Third Party Marketer of the Year award. It was founded by Donald A Steinbrugge, CFA, a Founding Principal of Andor Capital Management when it was the 2nd largest hedge fund firm in the world. Don was also Head of Institutional Sales for Merrill Lynch Investment Managers. Agecroft Partners, LLC is a Member FINRA and SIPC.
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