Posts Tagged ‘Stephen Schwarzman’

BlackRock vs. Blackstone: Who Did Better?

April 25, 2014

Chidem Kurdas

When Blackstone chief Stephen Schwarzman compared (more…)

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Paulson Stays in Blackstone Hotel

December 2, 2013

Chidem Kurdas

After an initial public offering pop, hotel (more…)

Permal Persists; Blackstone Near Top

August 1, 2012

Chidem Kurdas

Competition for capital is intense among the few large funds of funds managers left standing (more…)

Blackstone vs. BlackRock vs. Goldman

October 20, 2011

Chidem Kurdas

It shows how bad the past three months have been that Blackstone and Goldman Sachs, two comparatively strong performers in the 2008-2009 crisis, lost money in third quarter 2011. By contrast BlackRock, another winner in the past crisis, reported positive net income, though down from the second quarter. But the comparison is less clear when you consider other information. (more…)

Blackstone Makes Multiple Commodity Bets

April 28, 2011

Chidem Kurdas

Blackstone Group raised $2.4 billion for its second hedge fund seeding vehicle and started to deploy the capital in the past months. So far, $200 million has gone to two managers. One of them is a commodity manager.  (more…)

Blackstone and Private Equity Trend

October 28, 2010

Blackstone Group’s total assets rose to $119 billion at the end of September from around $111 billion (including non-fee earning assets) in the previous quarter.  Look at the disaggregated numbers and you see a strong trend. (more…)

Blackstone Asset Growth Hopeful

July 22, 2010

Chidem Kurdas

Blackstone Group’s hedge fund division attracted significant  new capital in the second quarter. This does not mean that other hedge fund firms will also be able to raise money.

On the contrary, investors appear to be persistently moving to the largest firms. Blackstone is now a $111 billion behemoth (counting all assets) & growing. It has  probably become the biggest free-standing alternative investment business.  Plus, Blackstone survived the credit crisis well. Nobody else in the industry is really in the same position.

Nevertheless, this is great news for many hedge fund managers. (more…)

Models Compete-Man, Investcorp, Blackstone

May 20, 2010

Chidem Kurdas

Man Group’s acquisition of GLG Partners, with $24 billion in assets, brought up questions about the future of alternative investment businesses.  For growth, is it better to rely more on mergers and acquisitions or wait for investors to come? Do companies with diverse strategies have an advantage? (more…)