Anthony Maniscalco Joins New Business in Blackstone Alternative Asset Management to Buy Interests in Hedge Funds

Tue Feb 12, 2013 8:51am EST

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NEW YORK--(Business Wire)--
Blackstone Alternative Asset Management ("BAAM"), a division of Blackstone
(NYSE: BX), today announced that Anthony Maniscalco, the former Head of
Alternative Asset Management within Barclays` Financial Institutions Investment
Banking Division, has joined. He will be a Managing Director on BAAM`s
Investment Team, focusing his efforts with Greg Hall and other senior team
members on building out its platform to purchase ownership interests in hedge
fund businesses. 

Greg Hall, a Senior Managing Director at BAAM, stated, "It is a great time for
BAAM to focus on investing in leading alternative investment firms. Hedge funds
continue to gain market share within the asset management industry,
founder-owners are focusing on equity values and succession planning, and there
is little opportunistic capital to underwrite and purchase these ownership
interests." 

In his previous position at Barclays, Mr. Maniscalco was responsible for
overseeing banking relationships with over 50 asset managers. At BAAM, he will
be a part of the senior management team responsible for Blackstone`s overall
hedge fund solutions business. 

"At Blackstone, we have worked with Anthony in his capacity as an investment
banker at Barclays. We have been very impressed by his intelligence, integrity,
creativity and work ethic. Anthony will be a major asset to our senior
management team," stated J. Tomilson Hill, Vice Chairman of Blackstone and
President and CEO of BAAM. "We are also very grateful for our partnership with
Barclays, and we expect this important relationship to grow with our addition of
Anthony," he added. 

Over the past few years, BAAM has opportunistically hired investment talent from
banks and hedge funds. During 2011, BAAM assembled a team, under the leadership
of Greg Geiling, to invest in special situations across a broad array of asset
classes. Mr. Geiling was previously a portfolio manager at Duquesne Capital. 

"BAAM has nearly doubled its team since 2007, and we are planning a significant
increase in professional headcount in 2013. We have also doubled our partner
group in the last year, adding six new partners," said Hill. "Our business is
providing investment solutions that meet the needs of our investors. We cannot
meet these needs without the most talented investment, risk, due diligence and
operational personnel," added Hill. 

BAAM is Blackstone`s Hedge Fund Solutions Business focused on providing
customized products and services to a broad range of sophisticated clients,
including pension funds, sovereign wealth funds and insurance companies. BAAM
currently manages approximately $45 billion of discretionary assets in a number
of different business units. 

About Blackstone

Blackstone is one of the world`s leading investment and advisory firms. We seek
to create positive economic impact and long-term value for our investors, the
companies we invest in, the companies we advise and the broader global economy.
We do this through the commitment of our extraordinary people and flexible
capital. Our alternative asset management businesses include the management of
private equity funds, real estate funds, hedge fund solutions, credit-oriented
funds and closed-end funds. Blackstone also provides various financial advisory
services, including financial and strategic advisory, restructuring and
reorganization advisory and fund placement services. Further information is
available at www.blackstone.com. Follow us on Twitter @Blackstone.

Blackstone
Peter Rose, +1-212-583-5871
Rose@Blackstone.com

Copyright Business Wire 2013

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