BlackRock Fund of Hedge Funds Co-Founder Bryan White Leaving
- Bryan Smith adds management role, Dave Matter investment post
- BlackRock Alternative Advisors has $21.3 billion in assets
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Bryan White, who co-founded BlackRock Inc.’s $21.3 billion business that invests in hedge funds, is leaving the company.
White will stay with the firm into the second quarter as part of a transition period, spokesman Ed Sweeney said Thursday. BlackRock named Bryan Smith chairman of the group’s management committee and Dave Matter chairman of the investment committee. In September, Smith became co-head of the group alongside White.