© Reuters. FILE PHOTO: The ticker and buying and selling info for Blackstone Group is displayed on the publish the place it’s traded on the ground of the New York Inventory Trade (NYSE) April 4, 2016. REUTERS/Brendan McDermid/File Photograph
BOSTON (Reuters) – John McCormick (NYSE:), who has led Blackstone Group (NYSE:)’s $81 billion hedge fund unit since 2018, plans to depart the agency, two sources mentioned on Monday.
Because the world’s largest hedge fund investor, Blackstone backs new hedge funds, invests alongside hedge funds, buys majority stakes in them and affords internally run hedge funds to purchasers like pension funds and overseas governments.
A Blackstone consultant didn’t instantly reply to a request for remark.
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