Blackstone Hires Raymond Chan as a Portfolio Manager for Registered Funds Platform

Blackstone yesterday 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.