PIMCO Taps Blackstone's Hall To Lead Private Strategies

Mar 30 2017 | 11:07pm ET

Pacific Investment Management Company has hired former Blackstone Alternative Asset Management executive Gregory Hall to be head of private strategies at the firm. 

In his new role, Hall will manage a number of private equity, real estate, distressed debt and other credit funds, the company announced. He will work with the firm’s senior leadership in the portfolio, product and client management groups to identify investment opportunities and solutions that serve the needs of PIMCO clients. His position begins May 1 and he will reportedly split his time between the company’s Newport Beach, CA and New York offices.

Hall joined New York-based Blackstone in 2004 and rose to co-head Blackstone Alternative Asset Management’s hedge fund seeding business alongside Scott Soussa. He began his career at Goldman Sachs.

The company is among the most prolific hedge fund backers in the industry, taking stakes in firms such as Magnetar Capital and Solus Alternative Asset Management, and seeding firms like former Brevan Howard executive Chris Rokos’ Rokos Capital Management. He left the job in May 2016. 

“Greg is an exceptional executive who is a tremendous addition to PIMCO’s outstanding team of product managers, portfolio managers, analysts and others focused on our private strategies,” said Emmanuel Roman, PIMCO’s CEO, in the statement. “His leadership skills and industry expertise will be invaluable as PIMCO continues to capitalize on opportunities for investors who are increasingly looking for expertise in private strategies to meet their investment goals.”

Founded in 1971, PIMCO's alternatives offerings span a global range of hedge fund and opportunistic/distressed strategies, including global macro, credit relative value, multi-asset volatility, and distressed mortgage, real estate and corporate credit opportunities. The company, which is a division of German insurer Allianz, manages approximately $26 billion in alternative investments and nearly $1.47 trillion in total assets as of the end of last year. 


In Depth

Steinbrugge: Hedge Fund Branding Drives Asset Flows

Apr 4 2017 | 8:52pm ET

Hedge funds with less than $250 million in AUM represent a vast majority of the...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Analyzing The Digital Footprint: What Operational Data Can Tell You About Future Risk

Mar 30 2017 | 3:38pm ET

Advances in technology and increasing operational complexity in search of higher...

 

From the current issue of