Blackstone's co-head of hedge fund unit McCormick to leave firm-sources - NewsBreak

BOSTON, Oct 25 (Reuters) - John McCormick, who has led Blackstone Group's (BX.N) $81 billion hedge fund unit since 2018, plans to leave the firm, two sources said on Monday. As the world's biggest hedge fund investor, Blackstone backs new hedge funds, invests alongside hedge funds, buys majority stakes in them and offers internally run hedge funds to clients like pension funds and foreign governments.