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Blackstone Hedge Fund Duo Are the Latest to Exit After Leadership Changes

Blackstone headquarters in New York. Photographer: Angus Mordant/Bloomberg

(Bloomberg) —

Blackstone Inc. is losing two more managing directors from its hedge fund solutions group, according to people with knowledge of the matter.

Tej Arora and Katherine Chan, both New York-based managing directors within Blackstone Alternative Asset Management’s special situations investing group, have resigned, said the people, asking not to be identified discussing the exits. Arora is set to pursue another opportunity, while Chan is relocating to Texas for family reasons, the people said. 

A Blackstone representative declined to comment. Arora and Chan didn’t immediately respond to requests for comment. 

Arora previously held investment roles at Roystone Capital Management, ADK Capital, One East Partners and Luxor Capital Group, Blackstone’s website shows. He joined the New York-based firm in 2018, according to his LinkedIn profile. Chan previously worked at Millennium Management and Anandar Capital Management, focusing on event-driven cross-capital structure investments, Blackstone’s website shows. 

The exits follow Blackstone’s appointments of David Ben-Ur as chief investment officer of hedge fund solutions and Atish Nigam as chief investment officer of special situations investing in December. Other departures include Imran Ahmed, who has joined Silver Rock Capital Partners, and Min Htoo. Rakesh Kumar, the head of trading at Blackstone Alternative Asset Management’s special situations investing group, is set to join Point72 Asset Management, while Eric Bilmes and Greg Bilse also left, Bloomberg reported in February.

Read more: Blackstone Hedge Fund Trio Resigns After Leadership Changes

–With assistance from Sridhar Natarajan and Crystal Tse.

© 2022 Bloomberg L.P.

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