Blackstone Hires Limin Wang as a Managing Director in Quantitative Research
August 12 2019 - 4:23PM
Business Wire
Blackstone (NYSE: BX) today announced that Limin Wang has joined
the firm as a Managing Director on the Quantitative Research team
in Blackstone Alternative Asset Management (BAAM).
Limin joins from Laurion Capital Management, where he spent four
years as a Portfolio Manager. Prior to that, he spent over ten
years with Credit Suisse as a director on their proprietary trading
desk. He also has held roles at Lehman Brothers and at Columbia
University, where he served as a research scientist in theoretical
physics. He holds a PhD in Theoretical Physics from the University
of Pennsylvania, an M.Phil/M.A. in Physics from Columbia
University, and a B.A. in Physics from Fudan University in
Shanghai.
John McCormick, President and CEO of Blackstone’s Alternative
Asset Management (BAAM) group, said: “We are excited to welcome
Limin to BAAM as we continue to integrate sophisticated
quantitative analysis and investment techniques into all of our
strategies. Limin’s deep experience in factor-driven and
fundamental-based investing will inform and bolster our
quantitative research efforts.”
Limin joins a BAAM quantitative team that includes Yan Gu, Head
of Quantitative Research and Managing Director in BAAM, and Jamey
Thompson, Managing Director, who leads BAAM’s systematic investing
initiative. Yan, who was hired earlier this year, holds a PhD in
Theoretical Physics from University of Pennsylvania and an MS from
Stanford University’s Department of Management Science and
Engineering. Jamey has a PhD from Princeton University’s Department
of Operations Research and Financial Engineering and is currently
an Adjunct Professor at the University of Virginia. Jamey was also
previously Managing Director and Co-Head of Citadel’s Credit Group.
In addition to their quantitative training, Limin, Yan, and Jamey
each have fifteen+ years of financial industry experience.
BAAM
Blackstone Alternative Asset Management (BAAM®) manages
approximately $81 billion across a diversified set of businesses,
including a customized portfolio solutions business, a special
situations platform, a business that purchases GP stakes in
alternative asset managers, an open-ended mutual fund platform, and
an emerging manager seeding business. BAAM invests across a variety
of asset classes and strategies to create solutions for its
investors. Through its sharp focus on clients’ goals, a rigorous
due-diligence process and access to Blackstone’s global insights,
BAAM strives to generate attractive risk-adjusted returns across
market cycles while mitigating downside risk during stressed market
environments.
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