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Blackstone Hedge Fund Trio Resigns After Leadership Changes

  • Rakesh Kumar, Greg Bilse and Eric Bilmes are exiting the firm
  • Blackstone made new hires atop hedge fund unit last year
Blackstone headquarters in New York.

Blackstone headquarters in New York.

Photographer: Mark Abramson/Bloomberg

Three Blackstone Inc. managing directors resigned following leadership changes at the firm’s hedge fund solutions group, according to people with knowledge of the matter. 

Rakesh Kumar, the head of trading at Blackstone Alternative Asset Management’s special situations investing group, is set to join Point72 Asset Management, said the people, who asked not to identified discussing the move. Prior to joining Blackstone in 2018, he held roles including head trader at Valinor Management and as global head of execution at Magnetar Capital, according to his LinkedIn profile.