Millette's ILS fund goes live with Blackstone $250mn

Mike Millette's start-up fund manager Hudson Structured
Capital Management has launched after securing a $250mn investment
from Blackstone, sister publication Trading
Risk reported this morning (26 May).
The venture is now preparing to deploy capital from two funds
covering the reinsurance and transport industries.
Trading Risk first reported in
February that Blackstone was lined up to become the cornerstone
investor in Hudson Structured's funds.
Sources said the $336bn asset manager has now com