{"id":11205,"date":"2009-08-07T00:00:00","date_gmt":"2009-08-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"blackstone-war-chest-eyes-bank-sector","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/blackstone-war-chest-eyes-bank-sector.html","title":{"rendered":"Blackstone war chest eyes bank sector"},"content":{"rendered":"<p>The Australian &#8211; Blackstone Group posted a wider second-quarter loss, but results beat analysts&#8217; expectations as the private-equity giant reported positive returns and better fund-raising at its credit-oriented and funds-of-hedge-funds businesses. <\/p>\n<p>On a conference call with analysts and investors, chairman and chief Executive Stephen A. Schwarzman said that two-thirds of the companies in Blackstone&#8217;s private-equity portfolio expect to see either positive or flat earnings before interest, taxes, depreciation and amortisation, or Ebitda. <\/p>\n<p>That&#8217;s compared to 35 per cent of the companies in the Standard &amp; Poor&#8217;s 500 that Blackstone expects to see gains in that area. <\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.theaustralian.news.com.au\/business\/story\/0,28124,25895596-36375,00.html?FORM=ZZNR6\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian &#8211; Blackstone Group posted a wider second-quarter loss, but results beat analysts&#8217; 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[15044,2410,4483,137,15046,15045,15042,4647,9960,4504,15041,14796,5611,15043,3609,3132],"class_list":["post-11205","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-amortisation","tag-amp","tag-blackstone-group","tag-conference-call","tag-depreciation","tag-ebitda","tag-flat-earnings","tag-funds-of-hedge-funds","tag-giant","tag-investors","tag-private-equity-portfolio","tag-quarter-loss","tag-s-500","tag-schwarzman","tag-second-quarter","tag-two-thirds"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11205"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11205\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}