Blackstone Multi-Strategy Hedge Fund L.P. 8-K
Research Summary
AI-generated summary
Blackstone Multi-Strategy Hedge Fund L.P. Appoints Five Independent Directors
What Happened
- Blackstone Multi-Strategy Hedge Fund L.P. (the Fund) announced on January 30, 2026 that its general partner appointed Jennifer Baldock, Phil Collins, Paul Knopp, Kimberly Querrey and Bruce Zimmerman to the Fund’s Board of Directors. The Board determined each appointee is independent under the Fund’s standards. The additions bring the Board to eight directors, five of whom are independent.
Key Details
- Appointees: Jennifer Baldock (66), Phil Collins (58), Paul Knopp (66), Kimberly Querrey (65), Bruce Zimmerman (68). Appointments effective Jan. 30, 2026.
- Committee assignments: Querrey, Collins, Knopp and Zimmerman added to the Audit Committee; Knopp named Audit Committee chair. Baldock, Querrey, Collins, Knopp and Zimmerman added to the Affiliate Transaction Committee; Baldock named chair.
- Governance facts: Board size increased to eight with five independent directors. No appointments were made pursuant to any arrangement requiring Item 404 disclosure; no reportable related‑party transactions were identified.
- Director compensation: Standard independent director pay — $100,000/year plus $10,000 for committee chairs; 75% cash and 25% restricted units vesting one year from grant (directors may elect up to 100% in restricted units).
Why It Matters
- These appointments strengthen the Fund’s independent oversight and add directors with experience in public company governance, audit/accounting, investment management and institutional investing (including a former KPMG CEO and a seasoned CIO). For investors, that can matter for board-level supervision of financial reporting, audit oversight and affiliated transactions. The filing contains no disclosed related‑party transactions or special arrangements tied to these appointments.