Greg Geiling will join Blackstone Alternative Asset Management on Jan. 3 as a managing director, J. Tomilson Hill, president and CEO, confirmed in an interview.
The position is new at the $33.1 billion hedge fund-of-funds manager.
Mr. Geiling will focus on research into opportunistic investments and will coordinate the flow of investment ideas from other Blackstone Group alternative investment units, subject to stringent internal controls, Mr. Hill said.
“We're very excited to have a hedge fund portfolio manager of Greg's caliber joining the BAAM research effort,” Mr. Hill said.
Mr. Geiling was a portfolio manager at multistrategy hedge fund manager Duquesne Capital Management. Stanley Druckenmiller, Duquesne's president, chairman and CEO, announced in August that he is closing the firm.