Blackstone Alternative Asset Management Hires Leading Fund-of-Funds Executive as CIO

Jun 2, 2004, 00:00 AM by User Not Found
Bruce Amlicke served as CIO of Alternative Investment Solutions Group at UBS O’Connor; Hal Lindquist appointed Chief Investment Strategist New York; June 2, 2004: The Blackstone Group today announced that Bruce Amlicke, Global Chief Investment Officer at UBS O’Connor’s Alternative Investment Solutions Group, has joined Blackstone Alternative Asset Management (BAAM) as Chief Investment Officer, a new position, as well as a Senior Managing Director of The Blackstone Group. Hal Lindquist, BAAM’s Senior Investment Officer, has been named Chief Investment Strategist. BAAM invests approximately $9 billion in select hedge fund managers through several multi-manager programs.

Bruce Amlicke served as CIO of Alternative Investment Solutions Group at UBS O’Connor; Hal Lindquist appointed Chief Investment Strategist

New York; June 2, 2004: The Blackstone Group today announced that Bruce Amlicke, Global Chief Investment Officer at UBS O’Connor’s Alternative Investment Solutions Group, has joined Blackstone Alternative Asset Management (BAAM) as Chief Investment Officer, a new position, as well as a Senior Managing Director of The Blackstone Group. Hal Lindquist, BAAM’s Senior Investment Officer, has been named Chief Investment Strategist. BAAM invests approximately $9 billion in select hedge fund managers through several multi-manager programs.

At UBS, Mr. Amlicke was Chief Investment Officer for the global hedge fund-of-funds business within Global Asset Management (Alternative and Quantitative Investments), overseeing investment professionals in Stamford, London, and Hong Kong. He chaired the group’s investment committee and ran the investment function including manager selection, portfolio management, risk control and asset allocation related to the firm’s various product offerings and institutional mandates. At BAAM, Mr. Amlicke will perform a similar role.

Mr. Lindquist, who joined Blackstone in 1996 and has been instrumental in building BAAM into a leading institutional hedge fund-of-funds, will assume the new role of Chief Investment Strategist. In addition to his continuing involvement in the investment process and portfolio management, he will have an increased focus on setting the overall investment strategy and working with BAAM’s investors to structure portfolios to meet their objectives.

“Bruce Amlicke provides a new level of strength to our investment team and management infrastructure, which already is among the broadest and deepest in the industry,” said J. Tomilson Hill, President and CEO of BAAM and Vice Chairman of The Blackstone Group. “In addition, Bruce’s skills in running the investment side of a major hedge fund-of-funds organization will allow Hal Lindquist to assume an expanded role.”

“These key appointments further solidify BAAM’s leadership in serving the sophisticated investment needs of our institutional investors. The combined expertise of Hal and Bruce in portfolio management and manager selection, and their backgrounds trading complex securities will enhance our proven investment process, providing a significant advantage to our clients.”

“The Blackstone Group provides a unique platform that is ideally suited for today’s competitive institutional hedge fund-of-funds marketplace,” said Mr. Amlicke. “I look forward to working with my new colleagues at BAAM and contributing to their proven platform with a goal of staying at the cutting edge of this rapidly evolving market.”

Mr. Amlicke is a graduate of the University of Michigan, where he received a BA in International Economics and Finance in 1986. After graduation, he joined O’Connor & Associates as a currency options trader, eventually running their global currency options portfolio and heading trading operations in Singapore. In 1998, Mr. Amlicke joined O’Connor’s hedge fund-of-funds group, where he most recently served as Global Chief Investment Officer and Managing Director.

Note to editors:

The Blackstone Group, a private investment and advisory firm with offices in New York, London and Hamburg was founded in 1985. BAAM, the firm’s marketable alternatives multi-manager investment management business, was formed in 1990 and has approximately $9 billion in discretionary marketable alternative assets. BAAM has grown to 45 experienced professionals with deep experience in capital markets, portfolio management, risk management, auditing and client service. The Blackstone Group’s other five core businesses are Corporate Advisory Services, Restructuring and Reorganization Advisory, Private Equity Investing, Private Real Estate Investing, and Corporate Debt Investing. The Blackstone Group has raised over $32 billion across its alternative asset management businesses.