Tag Archives: steve-moyer
Blackstone trims its Asia-focused fund
Reuters – Blackstone Group LP has cut the size of its planned Asia-focused hedge fund because the global financial crisis has led to redemptions, the Wall Street Journal said citing people familiar with the situation. Blackstone, which manages private equity, […]
Blackstone Closes China Investment in Bluestar
West Palm Beach (HedgeCo.net) – State-owned company China National Chemical Corporation (ChemChina) and hedge fund manager the Blackstone Group announced the closing of Blackstone’s investment in ChemChina subsidiary, China National Bluestar Corporation. Bluestar has also completed its group restructuring and […]
Blackstone: $5 billion limit for LBO bank financing
Reuters – Private equity firm Blackstone Group LP’s chief operating officer said on Tuesday that the limit on bank financing for leveraged buyouts was about $5 billion. But COO Tony James said there were multiple opportunities to invest despite the […]
Wall Street Jounal Columnist Speaks at Hedge Fund Summit
West Palm Beach (HedgeCo.net) – Wall Street Journal columnist Gregory Zuckerman and Ely Razin, senior director of strategy, Westlaw Business, will deliver a luncheon presentation on "State of the Hedge Funds for 2008" at a upcoming Hedge Fund General Counsel […]
Lehman May Put a Prized Unit on the Block
The Ledger – Lehman Brothers, the troubled investment bank, is considering the sale of all or part of its prized money management division to private equity firms to raise billions of dollars of capital and ease the pressure caused by […]
Blackstone Launches CleanTech Investment Arm
West Palm Beach (HedgeCo.net) – Alternative investment manager, the Blackstone Group, has launched a new business group focused on investments in the cleantech energy sector and will provide advice on renewable energy strategies across Blackstone’s asset base. The team is […]
Blackstone’s income falls, but beats expectations
International Herald Tribune – Blackstone Group, manager of the world’s largest leveraged-buyout fund, said Wednesday that second-quarter profit beat analysts’ estimates as gains from hedge funds offset a decline in private-equity takeovers. Net economic income, a measure that excludes some compensation […]
Hedge Fund Business Lifts Profit for Blackstone
New York Times – The Blackstone Group may be best known as an immense private equity firm, but the firm’s earnings report on Wednesday made it clear that Blackstone has been buoyed by its hedge fund operations. Blackstone reported $165.6 […]
Hedge Fund Blackstone Opens Office in Beijing
West Palm Beach (HedgeCo.net) – Global alternative asset manager Blackstone Group is opening a representative office in Beijing with former Vice President of Beijing Mainstreets Investment Group, Mr. Shan Fu as chief representative. "The opening of our Beijing office and […]
KKR Aims to Catch Blackstone With Offering, New Funds
Bloomberg- Henry Kravis is taking KKR & Co. public and moving into real estate and stock funds as he tries to catch up with Stephen Schwarzman’s Blackstone Group LP, the world’s largest private-equity firm. KKR, co-founded by Kravis in 1976, […]
Blackstone Risks Hedge Fund Returns as LBO Loans Fade
Bloomberg- When Blackstone Group LP, the world’s biggest buyout firm, was pursuing the takeover of the Weather Channel cable network earlier this month with General Electric Co. and Bain Capital LLC, Wall Street balked at providing financing. So the New […]
Blackstone Risks Hedge Funds’ Return as LBO Lending Evaporates
Bloomberg- When Blackstone Group LP, the world’s biggest buyout firm, was pursuing the takeover of the Weather Channel cable network earlier this month with General Electric Co. and Bain Capital LLC, Wall Street balked at providing financing. So the New […]
