Blackstone appoints Chief Investment Officer of Blackstone - Hedgeweek Listen below: Neither this blog post, nor the podcast nor any of the information contained herein or therein constitutes an offer to sell, or a solicitation of an offer to buy, any security or instrument in or to participate in any trading strategy with any Blackstone fund or other investment vehicle. Blackstone Hires Joe Dowling as Global Co-Head of Blackstone Portions of this site are directed only to persons in certain jurisdictions. 2008-2023 - Shore News Media & Marketing Ltd. Co. All rights reserved. Individual Investors & Financial Advisors. https://lnkd.in/gS67ncaX Blackstone's co-head of hedge fund unit McCormick to leave firm John McCormick - The Blackstone Group, New York City Portions of this site are directed only to persons in certain jurisdictions. She brings a diverse range of skills, relationships and experiences and will be a critical leader within BAAM and the broader Blackstone ICS team." . In January 2018 Blackstone promoted McCormick, who came to Blackstone from McKinsey & Co, to replace Tom Hill, who had spent nearly two decades growing Blackstone into the worlds biggest hedge fund investor. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. Blackstone has a long history of investing in companies and assets driving the energy transition and were delighted to have their support. Blackstone Hires Paget MacColl as Global Head of Blackstone Alternative See here for a complete list of exchanges and delays. John McCormick on LinkedIn: Announcing $50M in Capital from Blackstone John McCormick - Senior Managing Director at The Blackstone Group - Wiza Mr. Gray received a BS in Economics from the Wharton School, as well as a BA in English from the College of Arts and Sciences at the University of Pennsylvania. Volkswagen co-owner Wolfgang Porsche will stand for one more term on the German car manufacturer's supervisory board, according to trade publication Automobilwoche. BOSTON -John McCormick, the co-head of Blackstone Groups $81 billion hedge fund unit, plans to leave the private equity firm in the coming months, a company representative said on Monday. @blackstone.com John Mccormick Phone Number 0%. Tell us what you think about the songs we play! Public Affairs The scale of BAAMs platform and flexibility of this new mandate positions the platform exceptionally well to be the investment partner of choice for managers. Mr. Gray currently serves as Chairman of the Board of Hilton Worldwide. John McCormick, Blackstone Alternative Asset Management LP/USA: Profile To view recent press releases, click here. Switchboard:+1 (212) 583-5000. Already a subscriber? Mr. Dowling has a B.A. John McCormick, Blackstone Global Co-Head of BAAM, said: "We're delighted to welcome Scott to BAAM to lead cutting edge investment initiatives across the business with a focus on the Horizon platform. New York, January 18, 2018 - Blackstone (NYSE:BX) today announced that J. Tomilson Hill, President & Chief Executive Officer of Blackstone Alternative Asset Management ("BAAM") will be transitioning to a new role as Chairman of BAAM. Mr. McCormick began his career as an attorney with Davis Polk & Wardwell and has also served at the U.S. Department of the Treasury. Grateful to Prince Ghosh for having me co-write a bit of American manufacturing agitprop. Scott's hire reflects our innovative mentality and our desire to access the most exciting investment opportunities for our investors." John discussed BAAMs growth to become the worlds largest discretionary investor in hedge funds, as well as the groups more recent expansion into business areas like GP stakes and direct investing. His experience and breadth of relationships will open new opportunities as we further expand our hedge fund business., Joe Dowling, Blackstone Global Co-Head of BAAM, said: Scott is a proven investor who has extensive experience in the public and late-stage private markets. In the last months Gideon Berger, who led its funds-of-funds business; Brett Condron, who was head of individual investor solutions; and Scott Soussa, who headed the hedge fund and private equity stakes business, have departed. As the worlds biggest hedge fund investor, Blackstone backs new hedge funds, invests alongside hedge funds, buys majority stakes in them and offers internally run hedge funds to clients like pension funds and foreign governments. John McCormick, Blackstone Global Co-Head of BAAM, said: "Paget is a talented executive with experience marketing the investment solutions that BAAM has to offer to investors around the world. The Wall Street Journal first reported news of McCormick's departure. Overview . Scott's hire reflects our innovative mentality and our desire to access the most exciting investment opportunities for our investors." Tom Hill (L), Chairman of Blackstone Alternative Asset Management, and John McCormick, President and CEO of Blackstone Alternative Asset Management, pose for a portrait in New York, U.S., January . Blackstone veteran John McCormick told the firm last week he had decided to resign, the firm told The Wall Street Journal. About BlackstoneBlackstone is one of the worlds leading investment firms. Otherwise, we will assume you're OK to continue. John McCormick, president and chief executive officer of Blackstone Group LP's $80 billion hedge fund business, says the firm is looking to back fewer managers next year as the industry . #nuclearenergy #software, First In's Managing Partner Renny McPherson and Principal Brian Mongeau recently highlighted emerging cybersecurity themes for 2023. Mr. Hill will step back from his day-to-day role running BAAM, but will maintain strong relationships with BAAMs investor base and hedge fund relationships. The co-head of Blackstone Inc.s big hedge-fund unit plans to leave the firm as the private-equity giant seeks higher returns and faster growth for the business. Further information is available at www.blackstone.com.
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