Blackstone Hires Raymond Chan as a Portfolio Manager for Registered Funds Platform
September 11 2019 - 11:08AM
Business Wire
Blackstone (NYSE: BX) today announced that Raymond Chan has
joined the firm as a Managing Director on the Portfolio Management
and Investment Research team in Blackstone Alternative Asset
Management (BAAM). Raymond will serve as a portfolio manager for
BAAM’s registered funds platform.
Prior to Blackstone, Raymond spent fifteen years at Goldman
Sachs, most recently as a Managing Director in Global Portfolio
Solutions, the multi-asset investing group within Goldman Sachs
Asset Management. He holds an MBA from The Wharton School at The
University of Pennsylvania and an AB from Harvard University, where
he graduated with honors.
Gideon Berger, Senior Managing Director and Co-CIO of BAAM,
said: “To be successful, our research has shown that you need to
have a view on all markets at all times. Ray is a critical hire as
we continue to extract the very best alternative exposures for our
registered funds. His deep experience in multi-asset investing
offers a fresh perspective that complements the work of our
strategy-focused research teams.”
Brett Condron, Senior Managing Director and Head of Global
Individual Investor Solutions, added: “We are thrilled to have Ray
on board as his dynamic asset allocation approach and expertise in
alternative strategies make him an ideal fit for our team as we
look to enhance our registered fund platform.”
BAAM’s registered funds collectively manage over $10.5 billion.
The largest funds in the complex are the Blackstone Alternative
Multi-Strategy Fund, a daily liquid mutual fund, and the Blackstone
Diversified Multi-Strategy Fund, a daily liquid UCITS fund.
Raymond joins a seasoned team of portfolio managers that make up
a robust, seven-person investment committee for the daily liquid
funds.
BAAM
Blackstone Alternative Asset Management (BAAM®) manages
approximately $81 billion across a diversified set of businesses,
including a customized portfolio solutions business, a special
situations platform, a business that purchases GP stakes in
alternative asset managers, an open-ended mutual fund platform, and
an emerging manager seeding business. BAAM invests across a variety
of asset classes and strategies to create solutions for its
investors. Through its sharp focus on clients’ goals, a rigorous
due-diligence process and access to Blackstone’s global insights,
BAAM strives to generate attractive risk-adjusted returns across
market cycles while mitigating downside risk during stressed market
environments.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our asset management
businesses, with $545 billion in assets under management, include
investment vehicles focused on private equity, real estate, public
debt and equity, non-investment grade credit, real assets and
secondary funds, all on a global basis. Further information is
available at www.blackstone.com. Follow Blackstone on Twitter
@Blackstone.
Prepared by Blackstone Advisory Partners L.P., a member of FINRA
and an affiliate of Blackstone Alternative Investment Advisors LLC,
the investment adviser of Blackstone Alternative Multi-Strategy
Fund.
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