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Former BlackRock Exec Gets $200 Million Backing From Blackstone

  • Michael Phelps’s Tresidor fund plans to start trading in June
  • Stuart Roden plans to join the fund as non-executive chairman
Updated on

A hedge-fund startup run by Michael Phelps, a former head of European credit at BlackRock Inc., has attracted a $200 million investment from Blackstone Group LP, according to a person with knowledge of the matter.

That puts Phelps’s Tresidor Investment Management on course to become one of the largest new funds in London this year. Stuart Roden, a former chairman of Lansdowne Partners, is also backing Tresidor and will join as a non-executive chairman, the person said, asking not to be identified because the information is private.