April 23, 2014 11:58 PM ET

Capital Markets

Company Overview of Blackstone Alternative Asset Management

Company Overview

Blackstone Alternative Asset Management (BAAM) is an asset management arm of The Blackstone Group. The firm provides its services to pension and profit sharing plans; pooled investment vehicles; institutional investors, represented by corporate and public pension investors, and insurance, corporate, foundation, and endowment funds. It manages fund of funds that invests in hedge fund managers through several multi-manager programs. The firm invests in the public equity and hedging markets. It employs qualitative and quantitative analysis with a bottom-up approach to make its investments. Blackstone Alternative Asset Management was founded in 1990 and is based in New York, New York with additi...

345 Park Avenue

New York, NY 10154

United States

Founded in 1990

Phone:

212-583-5000

Fax:

212-583-5712

Key Executives for Blackstone Alternative Asset Management

President
Age: 65
Chief Operating Officer
Age: 44
Chief Risk Officer
Chief Investment Strategist
Age: 66
Managing Director in Fund of Hedge Funds Business
Compensation as of Fiscal Year 2013.

Blackstone Alternative Asset Management Key Developments

McKillen, Blackstone BID To Acquire Irish Bank

Paddy McKillen and Blackstone Alternative Asset Management have bid to acquire Irish Bank Resolution Corporation Limited to secure € 800 million of Paddy McKillen’s loans being auctioned off by the liquidators of the Irish Bank Resolution Corporation.

Update On MAUSER Sale

Ardian and Blackstone Alternative Asset Management is reportedly looking to acquire MAUSER AG.

Blackstone Alternative Asset Management to Launch Investment-Focused Mutual Fund

Blackstone announced that Blackstone Alternative Asset Management (BAAM) will launch its first alternative investment-focused mutual fund that offers daily liquidity. BAAM is developing this custom solution for a strategic investor by leveraging its longstanding relationships with some of the hedge fund managers. The Blackstone Alternative Multi-Manager Fund (the 'Fund') is a registered, open-end mutual fund that is managed by Blackstone Alternative Investment Advisors LLC. The investment objective of the Fund is to seek capital appreciation by allocating assets among a variety of investment sub-advisers with experience managing non-traditional or 'alternative' investment strategies. Blackstone may also manage a portion of the Fund's assets directly and may invest in unaffiliated hedge funds. Through the use of alternative investment strategies, Blackstone seeks to provide low beta to equity and fixed income markets. The Fund's multi-manager, multi-strategy structure will allow Blackstone to dynamically shift capital to take advantage of the team's top-down market views with the goal of managing risk and generating alpha. Blackstone will employ the same disciplined investment process and will utilize the same experienced investment team that has long served its institutional clients.

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