Blackstone’s co-head of hedge fund unit McCormick to leave firm-sources By Reuters

© 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.

Disclaimer: Fusion Media wish to remind you that the information contained on this web site shouldn’t be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs are usually not supplied by exchanges however somewhat by market makers, and so costs is probably not correct and should differ from the precise market value, that means costs are indicative and never acceptable for buying and selling functions. Subsequently Fusion Media doesn`t bear any accountability for any buying and selling losses you would possibly incur because of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or injury because of reliance on the knowledge together with knowledge, quotes, charts and purchase/promote alerts contained inside this web site. Please be totally knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding types potential.

Source link


News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button