Ample . You may change your billing preferences at any time in the Customer Center or call This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Otherwise, we will assume you're OK to continue. Portions of this site are directed only to persons in certain jurisdictions. To view recent press releases,click here. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. The fund-of-funds portfolio, BAAM Principal Solutions, gained 13.3% over the last 12 months, outpacing the hedge fund industry benchmark. The Wall Street Journal first reported news of McCormicks departure. Your IP address is listed in our blacklist and blocked from completing this request. We are a multi-asset servicing specialist committed to helping our clients achieve their ambitions both in terms of investments and cross-border distribution. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. I personally thank him for the many years of leadership and support he has provided BAAM and our firm more broadly.. Co-head of Blackstone's hedge-fund business to leave firm By Svea Herbst-Bayliss. For press inquiries, contact [emailprotected]. Blackstone's McCormick Exits as Co-Head of Hedge Fund Unit Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. client relationships, product development, marketing, operations and administration. Jon Gray, Blackstone President & COO, said: This is another key hire for BAAM. For office-specific contact information, please visit our our offices page. For information about Blackstones business, including risks and financial information, please refer to our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. Mr. . AIMA Mr. Dowling has a B.A. By submitting this request, you consent to receive email from Blackstone. To view recent press releases,click here. A number of other executives have also left, creating some unease among investors. Blackstone veteran John McCormick told the firm last week he had decided to resign, the firm told The Wall Street Journal. For office-specific contact information, please visit our our offices page. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. John McCormick '95 is currently an Associate Research Scholar at Yale Law School and until . By submitting this request, you consent to receive email from Blackstone. 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. 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. Further information is available at www.blackstone.com. Blackstone Hires Scott Bommer as Chief Investment Officer of Blackstone Portions of this site are directed only to persons in certain jurisdictions. Blackstone Hires Paget MacColl as Global Head of Blackstone Alternative 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Mr. Hill will step back from his day-to-day role running BAAM, but will maintain . To view recent press releases,click here. Joe will oversee BAAM's investment activities going forward, while John will oversee BAAM's . By selecting the relevant option, you certify that it accurately reflects your residency. BOSTON (Reuters) -John McCormick, who has led Blackstone Groups $81 billion hedge fund unit since 2018, plans to leave the firm, two sources said on Monday. John McCormick on Blackstone Alternative Asset Management. John McCormick - Personal Investor - LinkedIn Lloyds of London, Great Lakes SE, Swiss RE, and AIG are suing because they believe Ken has info on a fire at Ron Perelman's house that allegedly destroyed several paintings. John McCormick's Post John McCormick Investor 1y Report this post Report Report. By submitting this request, you consent to receive email from Blackstone. Blackstone has signaled to clients that it is not abandoning its focus on preserving capital but is also focusing on faster growth with products like the Horizon platform. For press inquiries, contact [emailprotected]. All quotes delayed a minimum of 15 minutes. Blackstone Hires Joe Dowling as Global Co-Head of Blackstone View John McCormick's profile on LinkedIn, the world's largest professional community. Will also play a key role supporting BAAMs existing investment teams and pursuing strategic initiatives. John McCormick is the President and Chief Executive Officer of the Hedge Fund Solutions Group. Sign In. Mr. McCormick began his career as an attorney with Davis Polk & Wardwell and has also served at the U.S. Department of the Treasury. The employer name is THE BLACKSTONE GROUP. Switchboard:+1 (212) 583-5000. Since McCormick took the helm of BAAM in January 2018 all businesses have expanded. John McCormick, Blackstone Global Co-Head and Chief Investment Officer of BAAM, said: "I am delighted to welcome Joe to BAAM. He also earned a B.A. March 07, 2019. If you are building in the intersections of AI, deeptech, industrials or defense, shoot me a message. Published: 01 July 2010. Blackstone has promoted John McCormick to president and chief executive of hedge fund unit Blackstone Alternative Asset Management (BAAM) and Hill will become its chairman, the company told . John McCormick's Guns & Ammo Inc. - Yellow Pages Scott's hire reflects our innovative mentality and our desire to access the most exciting investment opportunities for our investors." Those sharper edges were on display in a recent shake-up of Blackstone's underperforming $78 billion hedge-fund unit, BAAM, when Gray relieved the fund's head, John McCormick, of investing duties . John works at The Blackstone Group as Senior Managing Director. Mr. John McCormick, J.D. 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 clients like pension funds and foreign governments. Blackstone : Hires Paget MacColl as Global Head of Blackstone The Wall Street Journal first reported news of McCormicks departure. https://lnkd.in/gS67ncaX Scotts hire reflects our innovative mentality and our desire to access the most exciting investment opportunities for our investors., Scott Bommer, Chief Investment Officer of Blackstones Horizon platform, said: I am thrilled to lead this new initiative for Blackstone. 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. BOSTON, Oct 25 (Reuters) - John McCormick, who has led Blackstone Group's BX.N $81 billion hedge fund unit since 2018, plans to leave the firm, two sources said on Monday. Justin Feldman Alliance Berntein Karen Sihra CPP Investments Kellie Sauls TRS of Texas Karl Wachter Magnetar Capital LLP Kevin Neubauer Seward & Kissel LLP https://lnkd.in/gYu4j6Hh, This story came out in print about two months ago and I received tons of emails from people eager to learn more about the Norwegian way of parenting. We are in the great era of re-globalization, as we see a mix of on-shoring, near-shoring and complete reshuffling of supply chains and manufacturing capacity across the globe occurring at breakneck speed. Portions of this site are directed only to persons in certain jurisdictions. The platform will employ a thematic approach to capitalize on powerful secular growth trends globally. His co-head, former Brown University endowment chief and hedge-fund manager Joseph Dowling, who joined the firm in January, will become sole head of Blackstone Alternative Asset Management, the worlds largest funds-of-hedge-funds business. 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. McCormick, who has worked at Blackstone for nearly 17 years, is the latest senior executive to announce plans to leave the storied private equity firm's hedge fund unit. For office-specific contact information, please visitour offices page. Blackstone has promoted John McCormick to president and chief executive of hedge fund unit Blackstone Alternative Asset Management (BAAM) and Hill will become its chairman, the company told Reuters on Thursday. 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 . 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 . 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 . Since McCormick took the helm of BAAM in January 2018 all businesses have expanded. As the world's biggest hedge fund investor, Blackstone backs new hedge funds, invests alongside hedge funds, buys majority stakes in them and offers . @blackstone.com John Mccormick Phone Number 0%. See here for a complete list of exchanges and delays. Mr. McCormick is involved in overseeing the day-to-day activities of the group, including investment management, client relationships, product development, marketing, operations and administration. John McCormick, co-head of Blackstone Inc. 's hedge-fund unit, is leaving the firm. He has also helped launch Blackstone Horizon, a new investment platform run by Scott Bommer, which aims to deliver big returns by investing with fund managers targeting fast-growing public and private companies. John McCormick Blackstone Alternative Asset Management (BAAM) Jonathan Bailey Neuberger Berman. John McCormick, Blackstone Global Co-Head and Chief Investment Officer of BAAM, said: " I am delighted to welcome Joe to BAAM. The business address is 345 Park Ave Fl 28, New York, NY 10154-4. Follow Blackstone on Twitter @Blackstone. Co-Head of Blackstone's Hedge-Fund Business to Leave Firm - WSJ The Wall Street Journal first reported news of McCormick's departure. The colleagues of John McCormick. 6-1/4 x 9-1/4 inches. The fund-of-funds portfolio, BAAM Principal Solutions, gained 13.3% over the last 12 months, outpacing the hedge fund industry benchmark. Tell us what you think about the songs we play! To receive email alerts from Blackstone, sign up below. Scott's hire reflects our innovative mentality and our desire to access the most exciting investment opportunities for our investors."