Blackstone Alternative Asset Management (BAAM) primarily advises private investment funds, often called funds of hedge funds, and some clients on their investment portfolios. BAAM identifies investment opportunities, monitors investments, and makes decisions to buy or sell investments. BAAM's strategies involve allocating capital to a diverse group of investment managers who invest in various securities and instruments. BAAM was founded in 1990 and is part of Blackstone Inc.
Fee Structure
BAAM generally charges an annual asset-based advisory fee of up to 2% of the value of your portfolio. This fee is not inclusive of all fees and expenses. Fees are generally non-negotiable, except for affiliates, strategic relationships, Customized Funds and Advisory Clients.