Tag Archives: blackstone group


Blackstone Is Said to Back Asian Hedge Fund Startup

Bloomberg – Nick Taylor, a former executive of Citadel Investment Group LLC, is preparing to open the largest Asia-focused hedge-fund startup since May 2007 after receiving the backing of Blackstone Group LP, said three people familiar with his plan. Senrigan […]

Blackstone plans portfolio IPOs

Forbes – Private equity firm Blackstone Group is planning to list up to eight of its portfolio companies, according to a source who received a letter the firm sent to investors on Friday. The letter details that Blackstone is positioning […]

Blackstone war chest eyes bank sector

The Australian – Blackstone Group posted a wider second-quarter loss, but results beat analysts’ expectations as the private-equity giant reported positive returns and better fund-raising at its credit-oriented and funds-of-hedge-funds businesses. On a conference call with analysts and investors, chairman […]

CIC Turns to Friends: Morgan, Blackstone

Wall Street Journal – China Investment Corp.’s $200 billion sovereign-wealth fund is reaching out to old friends in the U.S. as it ventures into hedge-fund investing. The fund has selected Morgan Stanley and Blackstone Group LP to oversee hundreds of […]

CIC funnels fund investments via Blackstone, MS: report

Marketwatch – China’s sovereign wealth fund has selected Morgan Stanley and Blackstone Group LP to oversee hundreds of millions of dollars in new investments, The Wall Street Journal reported Friday. The $200 billion China Investment Corp. has finalized an additional […]

CIC To Invest $500M In Blackstone Fund

Forbes – Chinese sovereign wealth fund China Investment Corp is poised to invest around $500 million into a Blackstone Group hedge fund unit, a source familiar with the situation said on Friday. The Wall Street Journal earlier reported the news […]

CIC Said to Invest $500 Million in Hedge Funds, Blackstone

Bloomberg – China Investment Corp., the nation’s $200 billion sovereign wealth fund, may invest as much as $500 million in hedge funds including those run by Blackstone Group LP, said two people familiar with the matter. CIC aims to allocate […]

Blackstone Cancels Plan for Asian Event-Driven Fund

Bloomberg – Blackstone Group LP, the world’s biggest buyout company, canceled a plan to start a hedge fund that initially aimed to invest as much as $1 billion in Asian companies affected by events such as mergers and reorganizations. Blackstone […]

Blackstone, Fortress Seek Hedge-Fund Takeovers After Debt Slump

Bloomberg – Blackstone Group LP and Fortress Investment Group LLC are seeking to take over credit funds from managers unable to support their businesses after the value of investments fell. There are “a lot of companies that are on the […]

Buyout, Hedge-Fund Managers Could Pay $24 Billion More in Taxes

Bloomberg – Executives at buyout, venture-capital and hedge-fund firms will pay an estimated $24 billion more in taxes over nine years if President Barack Obama gets his way. Obama’s 2010 budget proposal, released today, proposes raising taxes on the managers […]

Blackstone Falls to New Low as Investors Brace for Another Loss

Bloomberg – Blackstone Group LP, the world’s largest private-equity firm, fell to a record low in New York trading this week on concern that a rebound in leveraged buyouts will lag behind any economic recovery. “Given the economic outlook and […]

Amaranth, Perella Were Victims of Dreier’s Fraud, US Says

Bloomberg – The victims of Marc Dreier, the New York lawyer charged in a $400 million fraud, included Amaranth Group Inc., Perella Weinberg Partners and Blackstone Group LP’s GSO Capital Partners, U.S. prosecutors said. Government lawyers identified the firms in […]

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