Mon, Jan 22, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Byron Wien to join Blackstone as Vice Chairman of Blackstone Advisory Services

Wednesday, August 12, 2009
The Blackstone Group L.P. (NYSE: BX) today announced that Byron Wien will join the firm as Vice Chairman of Blackstone Advisory Services. Mr. Wien was previously Chief Investment Strategist for Pequot Capital and, before that, he served for 21 years as Chief (later Senior) U.S. Investment Strategist for Morgan Stanley.

Mr Wien joined Pequot in December 2005. Opalesque published his Farewell Commentary as Pequot closed down here: www.opalesque.com/53374/Farewell_Commentary_as184.html.

At Blackstone, Mr. Wien will act as a senior adviser both to the Firm and its clients in analyzing economic, social and political trends to determine the direction of financial markets and thus helping guide investment and strategic decisions.

Stephen A. Schwarzman, Chairman and Chief Executive Officer of Blackstone, commenting on Mr. Wien’s appointment, said: “Byron brings to the Firm unparalleled experience, wisdom and judgment formed over many years of deep involvement in the financial markets. At a time when Blackstone stands ready to deploy the largest amount of investment capital in its history and our clients are faced with unprecedented economic turmoil and uncertainty, Byron will play a central and invaluable role in providing direction and guidance.”

Added Mr. Wien: “Blackstone is the largest independent alternative asset manager and advisor in the world, whose businesses and clients touch almost every major market and economy. I am looking forward to working with the Firm and its clients to help capitalize on the opportunities to invest and grow businesses that the current economic dislocations will produce.”

Mr. Wien received his A.B. with honors from Harvard College and his M.B.A. with distinction from Harvard Business School. He is a Supervisory Director of George Soros’ Quantum Funds and a member of the Investment Committees of Lincoln Center, The Pritzker Foundation, and the John D. and Catherine T. MacArthur Foundation. He is a trustee of the New York Historical Society. Mr. Wien is a Board Member of The Manhattan Institute and Phoenix House Foundation.

Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Statsure Financial launches captive insurer for hedge funds[more]

    Bailey McCann, Opalesque New York: Hedge fund managers have a new option for protecting their business. Launching this week at the annual MFA Conference, Statsure Financial is offering a captive insurance solution for hedge fund managers. Many large companies have captive insurers - insurance

  2. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

    Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

  3. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

    Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

  4. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

    Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter

  5. News Briefs - Mobius to retire from Franklin Templeton, Authorities decrypt smart phone of Princeton grad charged with killing Manhattan hedge fund dad, Investigators seize (more) antiques from hedge-fund billionaire Michael Steinhardt's collection[more]

    Mobius to retire from Franklin Templeton Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January. He will also be relinquishing his post as portfolio manager