Blackstone Hedge Fund Duo Joins Exits After Leadership Changes

Blackstone Inc. is losing two more managing directors from its hedge fund solutions group, according to people with knowledge of the matter.

Tej Arora and Katherine Chan, both New York-based managing directors within Blackstone Alternative Asset Management’s special situations investing group, have resigned, said the people, asking not to be identified discussing the exits. Arora is set to pursue another opportunity, while Chan is relocating to Texas for family reasons, the people said.

A Blackstone representative declined to comment. Arora and Chan didn’t immediately respond to requests for comment.

Arora previously held investment roles at Roystone Capital Management, ...