Blackstone Alternative Multi-Strategy Fund
false 2023-12-01 2023-03-31 497 0001557794 N-1A 0001557794 2023-07-31 2023-07-31 0001557794 baif:S000045538Member 2023-07-31 2023-07-31 iso4217:USDxbrli:pure
Filed pursuant to Rule 497(e)
File Nos. 333-185238 and 811-22743
BLACKSTONE ALTERNATIVE INVESTMENT FUNDS
Supplement dated December 1, 2023 to the
Blackstone Alternative Multi-Strategy Fund (the “Fund”)
Prospectus, dated July 31, 2023, as supplemented
Removal of Sub‑Adviser
Effective November 30, 2023, Jasper Capital Hong Kong Limited (“Jasper”) no longer serves as a sub‑adviser to the Fund. The Fund’s assets managed by Jasper have been re‑allocated by Blackstone Alternative Investment Advisors LLC (“BAIA”), the Fund’s investment adviser, to the Fund’s other sub‑advisers, or to BAIA to manage directly. Therefore, all references to Jasper in the Fund’s Prospectus are hereby removed.
Shareholders should retain this Supplement for future reference.
Filed pursuant to Rule 497(e)
File Nos. 333-185238 and 811-22743
BLACKSTONE ALTERNATIVE INVESTMENT FUNDS
Supplement dated December 1, 2023 to the
Blackstone Alternative Multi-Strategy Fund (the “Fund”)
Statement of Additional Information, dated July 31, 2023, as supplemented
Removal of Sub-Adviser
Effective November 30, 2023, Jasper Capital Hong Kong Limited (“Jasper”) no longer serves as a sub-adviser to the Fund. The Fund’s assets managed by Jasper have been re-allocated by Blackstone Alternative Investment Advisors LLC (“BAIA”), the Fund’s investment adviser, to the Fund’s other sub-advisers, or to BAIA to manage directly. Therefore, all references to Jasper in the Fund’s Statement of Additional Information are hereby removed.
Shareholders should retain this Supplement for future reference.