Investing
A New Boss Is Taking Over at Blackstone’s $37 Billion Tac Opps Arm
- Blitzer to become chairman and give up day-to-day management
- James, 48, is a founding member of Tactical Opportunities unit
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A changing of the guard is underway at a key Blackstone Inc. business.
Billionaire dealmaker David Blitzer, 55, is scaling back his role to become chairman. He’ll cede day-to-day management of the firm’s $37 billion “Tactical Opportunities” unit to his top lieutenant, Chris James. The firm told investors about the moves Tuesday.