He is one of our long-time, stand-out leaders has been an integral part of the success of BAAM.. Joseph Dowling will become sole head of Blackstone Alternative Asset Management, the world's largest funds-of . McCormick, 53, resigned his position recently and will depart in the coming months, according to a person familiar with the matter. For press inquiries, contact [emailprotected]. https://lnkd.in/ecbWkjfG. For additional information, see Blackstones public filings at ir.blackstone.com. We do this by using extraordinary people and flexible capital to help companies solve problems. He will continue to serve as Vice Chairman of Blackstone and as a member of the firms Board of Directors and Management Committee. Otherwise, we will assume you're OK to continue. 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 Alternative Asset Management LP/USA: Profile Blackstone : Hires Scott Bommer as Chief Investment Officer of Her contribution to his success was immeasurable. Blackstone will also be joining our board of directors. We are a multi-asset servicing specialist committed to helping our clients achieve their ambitions both in terms of investments and cross-border distribution. John McCormick - The Blackstone Group, New York City The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. John McCormick - Vice President, Managing Director, StructureCare - High Concrete Group. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Over the course of his 17-year career at BAAM, McCormick led numerous functions within the organization, including global strategy . Blackstone appoints Chief Investment Officer of Blackstone - Hedgeweek Blackstone As the world's biggest . We're seeing many interesting #venture opportunities in early-stage #defensetechnology - here's how we think about the space. Blackstone's co-head of hedge fund unit McCormick to leave firm See John McCormick's compensation, career history, education, & memberships. John P. McCormick will succeed Mr. Hill as President and CEO of BAAM. Exclusive news, data and analytics for financial market professionals, Reporting by Svea Herbst-Bayliss, Editing by Franklin Paul and Mark Porter, JPMorgan buys First Republic Bank's assets after govt auction, Exclusive: Subway comes up with debt plan to clinch $10 billion-plus sale, U.S. Treasury encouraged by First Republic resolution, says banking system remains sound, Too high for comfort: Five questions for the ECB, Wolfgang Porsche announces final term on Volkswagen supervisory board, Japan's JERA sees more LNG going to Asia as domestic demand shrinks, India state retailers gasoil sales rose in April, Retailer Auchan: Co-operating in French probe into its Russian arm, JPMorgan buys First Republic Bank's assets. BOSTON -John McCormick, the co-head of Blackstone Group's $81 billion hedge fund unit, plans to leave the private equity firm in the coming months, a company representative said on Monday. Since 2018, he and I have been predicting a massive shift in global supply chains and manufacturing back to the US, and its gratifying to see the world moving that way. Blackstone's co-head of hedge fund unit McCormick to leave firm After nearly two decades of growing Blackstone Group into the world's biggest hedge fund investor with some $74 billion in assets, J. Tomilson Hill is passing the baton. The co-head of Blackstone Inc.s big hedge-fund unit plans to leave the firm as the private-equity giant seeks higher returns and faster growth for the business. Directory of Profiled Business People: John McCormick Mccleve, Heather - Mccular, Emily > Mccormick, Eda - Mccormick, Korri > Mccormick, Joe-anne - Mccormick, John-michael > Mccormick, John 1-25 of 569 Contacts For press inquiries, contact [emailprotected]. +1-212-583-5182 John McCormick, co-head of Blackstone Inc. 's hedge-fund unit, is leaving the firm. As a result, our 2023 focus areas will include newer cybersecurity subsectors that should continue to grow from a small base and holistic approaches to more traditional cybersecurity subsectors that require novel solutions." Blackstone Hires Scott Bommer as Chief Investment Officer of Blackstone On the appointment of Mr. McCormick, Mr. Schwarzman said: I am delighted to announce Johns appointment as President and CEO of BAAM. He serves as Head of Global Business Strategy for the Hedge Fund Solutions Group and Senior Managing Director at Blackstone Alternative Asset Management L.P. Mr. McCormick has overall responsibility for the firm's global marketing . Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. John discussed BAAMs growth to become the worlds largest discretionary investor in hedge funds, as well as the groups more recent expansion into business areas like GP stakes and direct investing. Mr. McCormick joined BAAM in 2005 and has overall responsibility for global marketing and client services functions in addition to overseeing our Liquid Alternatives business, GP Stakes business, and our hedge fund seeding business. In the last months Gideon Berger, who led its funds-of-funds business; Brett Condron, who was head of individual investor solutions; and Scott Soussa, who headed the hedge fund and private equity stakes business, have departed. Private Lunch with Blackstone & Marathon Asset Management Executives He replaced Tom Hill, who spent decades growing Blackstone into the world's most powerful hedge fund investor. By selecting the relevant option, you certify that it accurately reflects your residency. 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, Blackstone Global Co-Head and Chief Investment Officer of BAAM, said: "I am delighted to welcome Joe to BAAM. A trained lawyer, McCormick was widely respected by investors and colleagues for his cerebral, calm and considered approach. I look forward to working alongside him., John McCormick, Blackstone Global Co-Head of BAAM, said: Were delighted to welcome Scott to BAAM to lead cutting edge investment initiatives across the business with a focus on the Horizon platform. J. Tomilson Hill said: Im incredibly proud of the success of Blackstone and BAAM and immensely proud of our team. Mr. . The industry leader for online information for tax, accounting and finance professionals. Portions of this site are directed only to persons in certain jurisdictions. . Mr. Bommer lives in New York City with his family and has been a Director of the Robin Hood Foundation for the last 15 years. He launched the firms data-science initiative and was a tireless backer of bringing hedge funds to the masses through mutual fund structures. 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 platform. I am thrilled that John McCormick will transition to the President and CEO role. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. Exclusive: Blackstone's Hill hands hedge fund reins to McCormick For press inquiries, contact [emailprotected]. Mr. McCormick began his career as an attorney with Davis Polk & Wardwell and has also served at the U.S. Department of the Treasury. John McCormick Blackstone Alternative Asset Management (BAAM) Jonathan Bailey Neuberger Berman. Found 563 colleagues at The Blackstone Group. A number of other executives have also left, creating some unease among investors. His experience and breadth of relationships will open new opportunities as we further expand our hedge fund business., Joe Dowling, Blackstone Global Co-Head of BAAM, said: Scott is a proven investor who has extensive experience in the public and late-stage private markets. Mr. Gray and his wife, Mindy, established the Basser Center for BRCA at the University of Pennsylvania School of Medicine focused on the prevention and treatment of BRCA related cancers. View John McCormick's email address (j*****@blacks***.com) and phone number. John McCormick - Blackstone Alternative Asset Management | AlphaMaven In his 13 years at Blackstone, he has played an integral role in determining the strategy of our hedge fund business and helped to spearhead multiple new business initiatives. Blackstone's McCormick Exits as Co-Head of Hedge Fund Unit Europeanism - John McCormick - Oxford University Press. Blackstone is one of the worlds leading investment firms. The Wall Street Journal first reported news of McCormicks departure. Blackstone : Hires Paget MacColl as Global Head of Blackstone #manufacturing #supplychain #startup #venturecapital #energy #defense #space #defensetechnology #onshoring Blackstone Appoints Scott Bommer as Chief Investment Officer BOSTON -John McCormick, the co-head of Blackstone Groups $81 billion hedge fund unit, plans to leave the private equity firm in the coming months, a company representative said on Monday. Listen below: Neither this blog post, nor the podcast nor any of the information contained herein or therein constitutes an offer to sell, or a solicitation of an offer to buy, any security or instrument in or to participate in any trading strategy with any Blackstone fund or other investment vehicle. BOSTON, Oct 25 (Reuters) - John McCormick, the co-head of Blackstone Group's (BX.N) $81 billion hedge fund unit, plans to leave the private equity firm in the coming months, a company representative said on Monday. This opportunity is extremely exciting for me and I look forward to working with Blackstones senior management and BAAMs talented team to continue building on Toms substantial legacy.. Blackstone Hires Joe Dowling as Global Co-Head of Blackstone So many, in fact, that Im considering turning it into something much larger. Individual Investors & Financial Advisors. Mr. Hills transition caps a more than 40-year career of leadership and extraordinary performance in banking and alternative asset management. Find contact details for 700 million professionals. 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.

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