Overview

Blackstone A.M.N. Advisors (Blackstone A.M.N.) employs an Asia Pacific event-driven strategy encompassing public and private investments on an opportunistic basis. Blackstone A.M.N. will be headquartered in Hong Kong, with regional research presence in Tokyo, Mumbai and New York. The business is led by Aaron Nieman, Senior Managing Director of The Blackstone Group, and the Managing Partner and Chief Investment Officer of Blackstone A.M.N.  Mr. Nieman will be based in Hong Kong with the investment team beginning in 2009.

Investment Philosophy

Blackstone A.M.N. seeks to identify catalysts that can lead to corporate and other types of change, and seeks to generate absolute returns from these changes – both long and short – through fundamental analysis.  Investment opportunities could arise from a change in management, a change in industry dynamics, or a change to a corporate financial structure or governance, among others.  Based on events identified by the team, the strategy will be grouped into six buckets:

• Merger Arbitrage – focuses on legal / regulatory analysis, liquidity, blocks / flows
   
• Announced Restructuring – focuses on transaction analysis, valuation analysis, shareholder positioning
   
• Value + Event Catalyst – focuses on detailed fundamental analysis, management engagement, anticipated public policy changes, sector/industry networks;  includes GARP with catalyst and thematic trades
   
• Relative Value – focuses on industry expertise, extreme valuations, a borrow advantage
   
• Private to Public Arbitrage – focuses on investing in private assets where unlocking value occurs through a liquidity event
   
• Capital Markets Arbitrage – focuses on unlocking value around the deal calendar

Blackstone A.M.N. will invest throughout the Asia Pacific region opportunistically.  Over time it is expected that geographic exposures will include a core allocation to Greater China, with the remaining allocation being spread opportunistically across Japan, India, Korea, Australia, and ASEAN.

Capital Preservation and Risk Management

Blackstone A.M.N. will execute position and portfolio level hedging and diversification to reduce exposure to macro-economic factors and volatility.  It intends to manage positions opportunistically and adjust position sizes to risk / reward dynamics and anticipated portfolio guidelines.

The Team

Blackstone A.M.N. offers a deep and diverse investment universe but demands experience and specialization. Chief Investment Officer Aaron Nieman will lead sixteen additional professionals with extensive market experience and local language skills.  Chief Operating Officer Christopher Pesce and Chief Financial Officer Eric Rosenberg manage Blackstone A.M.N global infrastructure and non-investment business functions.

To speak with a professional in the Blackstone A.M.N. Advisors group, please contact:

Eric Rosenberg on +1 212 583 5785 or Eric.Rosenberg@BlackstoneAMN.com