From Komfie Manalo, Opalesque Asia – One of the world’s largest investment and advisory firms Blackstone has hired Anthony Maniscalco to expand Blackstone Alternative Asset Management’s (BAAM) hedge fund business.
In a statement, Blackstone, which has $46.1bn in its hedge fund group said the 42-year-old Maniscalco, will be a Managing Director on BAAM’s Investment Team, focusing his efforts with Greg Hall and other senior team members on building out its platform to purchase ownership interests in hedge fund businesses.
Maniscalco, formerly headed the Alternative Asset Management within Barclays’ Financial Institutions Investment Banking Division.
Hall, a Senior Managing Director at BAAM, commented, "It is a great time for BAAM to focus on investing in leading alternative investment firms. Hedge funds continue to gain market share within the asset management industry, founder-owners are focusing on equity values and succession planning, and there is little opportunistic capital to underwrite and purchase these ownership interests."
"At Blackstone, we have worked with Anthony in his capacity as an investment banker at Barclays. We have been very impressed by his intelligence, integrity, creativity and work ethic. Anthony will be a major asset to our senior management team," sta......................
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