Today, were incredibly excited to announce a $50 Million total investment from Blackstone, with additional participation from Banco Santander. Blackstone As of Jan. 31, BAAM . I am thrilled that John McCormick will transition to the President and CEO role. To receive email alerts from Blackstone, sign up below. #investment #electrification #EV #batteryswapping, "Electrifying everything" is an amazing and audacious goal that will undoubtedly stem the tide of climate change. Exclusive: Blackstone's Hill hands hedge fund reins to McCormick Blackstone Hires Scott Bommer as Chief Investment Officer of Blackstone BOSTON (Reuters) - John McCormick, who has led Blackstone Group's $81 billion hedge fund unit since 2018, plans to leave the firm, two sources said on Monday. Individual Investors & Financial Advisors. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. In addition to providing customized hedge fund portfolios for . For press inquiries, contact [emailprotected]. Blackstone Appoints Scott Bommer as Chief Investment Officer In his 13 years at Blackstone, he has played an integral role in determining the strategy of our hedge fund business and helped to spearhead multiple new business initiatives. He launched the firm's data-science initiative and was a tireless backer of bringing hedge funds to the masses through mutual fund structures. 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. New York, January 11, 2021 - Blackstone (NYSE:BX) today announced that Joe Dowling, the former Chief Executive Officer of Brown University's Investment Office, has joined the firm as Global Co-Head of Blackstone Alternative Asset Management (BAAM) alongside John McCormick.Joe will oversee BAAM's investment activities going forward, while John will oversee BAAM's business and investor . He sits on its Management Committee and most of its investment committees. Co-head of Blackstone's hedge-fund business to leave firm John McCormick, Blackstone Global Co-Head and Chief Investment Officer of BAAM, said: "I am delighted to welcome Joe to BAAM. 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. Blackstone's co-head of hedge fund unit McCormick to leave firm Follow Blackstone on Twitter @Blackstone. The current status is Due to reregister within 30 days. Lily and John McCormack were married from 1906 until John's death in 1945. As the world's 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 . Mr. Gray previously served as the firms Global Head of Real Estate, which he helped to build into the largest real estate platform in the world. For office-specific contact information, please visitour offices page. John McCormick - Blackstone Alternative Asset Management | AlphaMaven John McCormick President & CEO of BAAM at The Blackstone Group Our $619 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Scott's hire reflects our innovative mentality and our desire to access the most exciting investment opportunities for our investors." Blackstone Hires Joe Dowling as Global Co-Head of Blackstone PDF John McCormick '95 John McCormick is a national political reporter who has covered every presidential campaign since 2000. Lily McCormack - An Interview with the wife of John McCormack The embers of a great industrial base are still burning, the US has an opportunity to stoke the flames and revive the vim and vigor of American industriousness. Mr. Bommer will also work closely with BAAM senior management on asset allocation, risk-management, stakes/seeding investing and other strategic initiatives. For information on our privacy practices see our Privacy Policy. Blackstone Hires Joe Dowling as Global Co-Head of Blackstone Blackstone has a . This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. serves as the President and CEO at BAAM since January 2018. John McCormick, Blackstone Global Co-Head of BAAM, says: "We're delighted to welcome Scott to BAAM to lead cutting edge investment initiatives across the business with a focus on the Horizon platform. We have known each other for more than 25 years and have collaborated on numerous investment opportunities. McCormick, 53, told the firm of his plans to leave last week and will stay on for a time to ensure a smooth transition, two sources familiar with the move said. McCormick, 53, told the firm of his plans to leave last week and will stay on for a time to ensure a smooth transition, two sources familiar with the move said. To receive email alerts from Blackstone, sign up below. Blackstone Hires Joe Dowling as Global Co-Head of Blackstone Alternative Asset Management (BAAM) Posted on 01/11/2021 226 . Justin Feldman Alliance Berntein Karen Sihra CPP Investments Kellie Sauls TRS of Texas Karl Wachter Magnetar Capital LLP Kevin Neubauer Seward & Kissel LLP In January Blackstone hired Joe Dowling, a former endowment chief at Brown University, to work alongside McCormick as co-head of BAAM. In the latest episode of the Blackstone Podcast, John McCormick, CEO of Blackstone Alternative Asset Management, joined us for a conversation on how BAAM and the hedge fund industry have evolved in recent years. Blackstone Horizon is a new investment business that targets strong absolute returns by investing in and forming strategic partnerships with high-performing investment managers. As the world's biggest hedge fund investor, Blackstone backs new hedge funds, invests alongside hedge funds, buys majority stakes in them and offers . By Svea Herbst-Bayliss. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. For office-specific contact information, please visit our our offices page. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Tamarack Global Jamie Lee Austin Bishop Bo Marr, PhD John Tenet Gavin Hood Brett Cummings Valar Ventures LLC 8VC How Blackstone Chose Its Heir Apparent - Institutional Investor