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Blackstone Unveils Asia-Pacific Fund
To head the efforts, the global asset management firm hired Aaron Nieman, senior managing director.
May 13, 2008
The Blackstone Group said Tuesday it is launching Blackstone Altius Advisors, an event-driven strategy fund focused on opportunities in the Asia Pacific Region.
To head the efforts, the global asset management firm hired Aaron Nieman, senior managing director. Nieman joined from S.A.C. Capital Management, where he was a managing director in the Canvas Capital Management division. At S.A.C., Nieman helped create a successful investment team responsible for merger arbitrage and event-driven instruments in the Asia Pacific region.
Prior to S.A.C., Nieman helped build Lehman Brothers’ Tokyo-based global trading strategies division, formerly the risk arbitrage division, focusing on Asia Pacific investments.
An international investment team will be headquartered in Hong Kong, with additional professionals based in Tokyo, Mumbai and New York. Nieman recruited Christopher Pesce as chief operating officer to help run the fund. He most recently was global head of prime brokerage at Bank of America. Prior to BofA, he worked at Goldman Sachs in New York and Hong Kong.
“Aaron has a superb history of developing teams and investing in Asia. He will add greater depth and intellectual capital to Blackstone’s wide range of alternative investment businesses,” said Stephen Schwarzman, CEO and co-founder of the Blackstone Group.
Blackstone is involved in other Asia-centric businesses as well, including corporate private equity fund, its real estate opportunity fund, a hedge funds business and two closed-end mutual funds.
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