Blackstone Alternative Asset Management, a part of the US-based buyout firm, has moved a senior managing director to London amid a push to turn its $15bn (€11.7bn) fund of hedge funds division into a global business.

Gideon Berger, an asset allocation specialist at Blackstone Alternative Asset Management in New York, will be responsible for the division's interests in Europe, the Middle East and the Pacific Rim. He serves on BAAM's investment and executive committees.