FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid/File Photo
October 25, 2021
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.
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.
A Blackstone representative did not immediately respond to a request for comment.
(Reporting by Svea Herbst-Bayliss, Editing by Franklin Paul)
Source: One America News Network
