Duquesne's Geiling To Blackstone Fund Of Funds

Dec 30 2010 | 12:55pm ET

A former Duquesne Capital Management portfolio manager has joined the Blackstone Group's fund of hedge funds unit.

Greg Geiling was named a managing director at Blackstone Alternative Asset Management. He will oversee research on opportunistic investments and is charged with coordinating the investment ideas from a variety of Blackstone units, CEO J. Tomlison Hill said.

"We're very excited to have a hedge fund portfolio manager of Greg's caliber joining the BAAM research effort," Hill told Pensions & Investments.

Geiling begins work at the $33.1 billion unit on Jan. 3.

Geiling was previously a multistrategy portfolio manager at New York-based Duquesne. In the summer, Duquesne founder Stanley Druckenmiller announced plans to shutter the firm; a half-dozen other former Duquesne managers are preparing to launch their own fund, Point State Capital, next year with $5 billion, all of it from Druckenmiller and former Duquesne investors.

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