The head of the Blackstone Group’s fund of funds group is leaving the firm, Blackstone told investors last week.
Bruce Amlicke has resigned as chief investment officer of Blackstone Alternative Investment Management’s fund of funds division to spend more time with his family, The Wall Street Journal reports. Amlicke will remain with Blackstone for a transition period of a few months; his position will not be filled.
Amlicke has been with Blackstone since 2004, overseeing its 116-member fund of funds team.
“The extensive commute to the New York City office from his home in Connecticut and the demands of his job have weighed very heavily on Bruce and his family,” Blackstone said in a memo to clients. “As a result, he has made this important decision in order to allow him to spend much more time with his wife and children.”