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Columbia Gets In The Game, Partners With Blackstone On Liquid Alts

TedTed
in The Bullpen
FYI: Columbia Asset Management, a division of Ameriprise Financial, has enlisted Blackstone Alternative Asset Management (BAAM) to research and develop new investment solutions for Columbia’s clients, according to a November 18 press release. These new investment solutions will emulate hedge-fund strategies in investment vehicles available to retail investors. The statement from Columbia said the strategic initiative would allow BAAM’s experience in the hedge-fund solutions business to be leveraged by Columbia’s asset management capabilities.
Regards,
Ted
http://dailyalts.com/columbia-gets-game-partners-blackstone-liquid-alts/
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