WSJ News Exclusive | Co-Head of Blackstone's Hedge-Fund Business to Leave Firm, Officials Say

  • 📰 WSJ
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The co-head of Blackstone's hedge-fund unit plans to leave the firm as the private-equity giant seeks higher returns and faster growth for the business

Brown University

In the past several months, Mr. Schwarzman, who in recent years had pulled some of his personal money from BAAM funds, and Mr. Gray each invested $100 million into the unit’s products. The pace of change at BAAM has been rapid since Mr. Dowling joined, becoming the first outsider to run the business since its 1990 founding. Mr. Gray has said Mr. Dowling’s record at Brown, whose endowment under his oversight, drew his attention. Mr. Dowling made big bets at Brown, including on growth managers, and used his Rolodex to access exclusive funds and club deals.

There has been significant turnover at BAAM’s senior levels. About 70% of the BAAM team that buys stakes in alternative investment firms has left this year, said people familiar with the business.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 98. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

WSJ News Exclusive | Ransomware Gang Masquerades as Real Company to Recruit Tech TalentA criminal organization believed to have built the software that shut down a U.S. fuel pipeline has set up a fake company to recruit potential employees, according to researchers at the intelligence firm Recorded Future and Microsoft 15 Highest paid world leaders and presidents in 2021 Annual salary age Ransomeware is just another business. Babbling egomaniacs on the WSJ forum went off on Kamala Harris and the southern border in response to this article. You can build the wall as high as you like, but it won't stop hackers.
La source: WSJ - 🏆 98. / 63 Lire la suite »

WSJ News Exclusive | Ransomware Gang Masquerades as Real Company to Recruit Tech TalentA criminal organization believed to have built the software that shut down a U.S. fuel pipeline has set up a fake company to recruit potential employees, according to researchers at the intelligence firm Recorded Future and Microsoft 15 Highest paid world leaders and presidents in 2021 Annual salary age Ransomeware is just another business. Babbling egomaniacs on the WSJ forum went off on Kamala Harris and the southern border in response to this article. You can build the wall as high as you like, but it won't stop hackers.
La source: WSJ - 🏆 98. / 63 Lire la suite »