Saturday, 22 October 2016
Last updated 4 hours ago
Feb 17 2012 | 3:23am ET
Baupost Group has put partner George Rizk in charge of its private equity and real estate business.
Rizk was named co-head of the Boston alternative investments firm's private investment group. He'll work alongside Tom Blumenthal when he succeeds Sam Plimpton in June. Plimpton has overseen Baupost's real-estate investments for almost 20 years.
Rizk has already begun to manage Baupost's U.S. real-estate portfolio. He'll remain focused on that area even after Plimpton's exit, with Blumenthal holding primary responsibility for international real estate, private opportunities and the group's overall operations, Baupost said in a letter to investors.
Rizk has been with Baupost for less than a year, having joined in March from D.E. Shaw Group. At D.E. Shaw, he was co-head of D.E. Shaw Real Estate Advisors.