Blackstone Real-Estate Head Joins Board

Feb 27 2012 | 3:59am ET

The Blackstone Group has named real estate chief Jonathan Gray to its board of directors.

A seat on the private equity giant's board is somewhat rarefied territory: Blackstone has only seven directors, and Gray joins Blackstone CEO Steven Schwarzman, President Tony James, hedge fund chief Tom Hill and three independent directors.

Gray's addition to the board represents both the increasing importance of the business he leads to Blackstone's bottom line and Gray's positioning as a possible successor to Schwarzman, who is 64. Schwarzman has said he has no intention of retiring any time soon.

"We have always believed in institutionalizing Blackstone and having a clear succession plan even if it is not going to happen for years," a Blackstone partner told the Financial Times.

Gray has been with Blackstone since 1992.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.