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The 2015 Fund of Funds 50: Getting Big by Looking Small

Firms like Blackstone are increasingly investing with early hedge fund talent to garner bigger returns, a move that is changing both the fund-of-funds and hedge fund businesses.

New York–based hedge fund firm Solus Alternative Asset Management no longer needs to stand alone, as its Latin name suggests. In early March fund-of-funds giant Blackstone Alternative Asset Management (BAAM) bought a 20 percent stake in the $6.1 billion-in-assets event-driven firm, founded by CEO and chief investment officer Christopher Pucillo

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