Scott Bommer, who heads the management of the $81 billion Blackstone Alternative Asset Management’s Horizon Fund, is leaving the firm this month.
The $2 billion Horizon Fund, which is the fund of hedge fund unit’s strategic partnerships platform targeting absolute return oriented high-performing investment managers, will be run by an investment committee led by Joe Dowling, according to a Blackstone spokeswoman.
Bommer, who has not announced his next steps, joined in 2021 to work closely with BAAM senior management on asset allocation, risk management, stakes/seeding investing and other strategic initiatives. He was the founder of SAB Capital Management, where he served as CEO and worked for 17 years from 1999 to 2015. He previously worked as a portfolio manager at Siegler, Collery & Co., an associate at McKinsey & Company and an analyst at Goldman Sachs. He has also been a Director of the Robin Hood Foundation for the last 15 years.