Aug
21
Blackstone’s Senfina Fund Down 20% in 2016 After July Loss
By-
Multimanager fund is said to decline about 5% last month
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The unit is struggling after posting a banner year in 2015
Senfina Advisors, the multimanager hedge fund at Blackstone Group LP, fell about 5 percent in July, according to three people with knowledge of the matter.
The performance widened the fund’s 2016 losses to roughly 20 percent, said the people, who asked not to be named because the information is private. Paula Chirhart, a Blackstone spokeswoman, declined to comment on the returns.
Senfina, which oversaw $1.9 billion at the end of June, is trying to bounce back after it plunged 17 percent amid market turmoil in February. The struggle marks a swift reversal in the fund’s fortunes after it had a banner year in 2015, rising 21 percent and ranking among the top performers in the industry…
Blackstone’s Senfina Fund Down 20% in 2016 After July Loss
