Stephen Sullens - Blackstone Alternative Fund Manager
| BXMYX Fund | USD 10.81 0.01 0.09% |
Stephen W. Sullens is a Senior Managing Director of The Blackstone Group and Head of Portfolio Management for the Hedge Fund Solutions Group. Before joining Blackstone in 2001, Mr. Sullens served as a Director with Citi Alternative Investment Strategies, Citigroups hedge fund investment center. In that role, he was responsible for manager selection and monitoring, as well as portfolio management. Previously, Mr. Sullens served as Manager of Alternative Investments for The Walt Disney Company, where he directed the companys alternative investment program, including investments in private equity, real estate, VC and hedge funds. Prior to his six years at Disney, he was an analyst with Trammell Crow Ventures, a real estate investment advisory firm. Mr. Sullens received both a BA in Economics and an MS in Industrial Engineering from Stanford University. He has earned the right to use the Chartered Financial Analyst designation.
| Phone | 855-890-7725 |
Blackstone Alternative Management Performance (%)
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Blackstone Alternative Management Team
Elected by the shareholders, the Blackstone Alternative's board of directors comprises two types of representatives: Blackstone Alternative inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Blackstone. The board's role is to monitor Blackstone Alternative's management team and ensure that shareholders' interests are well served. Blackstone Alternative's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Blackstone Alternative's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stephen Sullens, Fund Manager | ||
| Min Htoo, Fund Manager | ||
| Gideon Berger, Fund Manager |
Blackstone Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right mutual fund is not an easy task. Is Blackstone Alternative a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Total Asset | 5.14 B | |||
| Annual Yield | 0.03 % | |||
| Year To Date Return | 3.15 % | |||
| One Year Return | 10.11 % | |||
| Three Year Return | 2.49 % | |||
| Five Year Return | 2.59 % | |||
| Net Asset | 6.27 B | |||
| Last Dividend Paid | 0.33 | |||
| Cash Position Weight | (11.58) % | |||
| Equity Positions Weight | 95.76 % |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Blackstone Alternative in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Blackstone Alternative's short interest history, or implied volatility extrapolated from Blackstone Alternative options trading.
Pair Trading with Blackstone Alternative
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Blackstone Alternative position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Blackstone Alternative will appreciate offsetting losses from the drop in the long position's value.Moving together with Blackstone Mutual Fund
| 1.0 | BXMIX | Blackstone Alternative | PairCorr |
| 1.0 | BXMDX | Blackstone Alternative | PairCorr |
| 0.92 | BIMBX | Blackrock Alternative | PairCorr |
| 0.9 | BAMBX | Blackrock Alternative | PairCorr |
Moving against Blackstone Mutual Fund
| 0.81 | UIPIX | Ultrashort Mid Cap | PairCorr |
| 0.48 | USPSX | Profunds Ultrashort | PairCorr |
| 0.47 | USPIX | Profunds Ultrashort | PairCorr |
The ability to find closely correlated positions to Blackstone Alternative could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blackstone Alternative when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Blackstone Alternative - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Blackstone Alternative Multi Strategy to buy it.
The correlation of Blackstone Alternative is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blackstone Alternative moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackstone Alternative moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Blackstone Alternative can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackstone Alternative Multi Strategy. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.