Scott Bommer, the chief investment officer of Blackstone's Horizon Fund – the growth strategy in the company's Blackstone Alternative Asset Management hedge fund unit – is leaving the business for health reasons, according to a report by Reuters citing unnamed sources familiar with the matter.
Scott Bommer, the chief investment officer of Blackstone's Horizon Fund – the growth strategy in the company's Blackstone Alternative Asset Management (BAAM) hedge fund unit – is leaving the business for health reasons, according to a report by Reuters citing unnamed sources familiar with the matter.
The Horizon platform, which launched in July 2021 with around $2 billion in capital, was designed to tap into big themes by investing in fast growing public and private companies. It will now be run by an investment committee led by BAAM Global Head Joe Dowling, according to Reuters' sources.
Prior to joining Blackstone in 2021, Bommer ran hedge fund SAB Capital for 17 years investing in stocks, debt and mortgages.
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