Blackstone Group announced that Raymond Chan joined the Blackstone Alternative Asset Management (BAAM) division as Managing Director on the portfolio management and investment research team. In this role, Chan will manage the division’s $10.5 billion registered funds platform, which covers liquid, open-end, and closed-end funds. Regarding his hiring, BAAM Senior Managing Director and Co-CIO Gideon Berger noted, “Ray is a critical hire as we continue to extract the very best alternative exposures for our registered funds.” Chan spent the past 15 years at Goldman Sachs Asset Management, where he most recently served as Managing Director, Global Portfolio Solutions.

Details in FundFire September 11, 2019