This Is The Private Equity Deal That Steve Schwarzman And Mitt Romney Worked...
On November 30, Blackstone's chief executive Stephen Schwarzman, a big GOP supporter, told Bloomberg Television he was supporting Republican Mitt Romney for president. The billionaire private equity...
View ArticleHome Builders And Some Big Hedge Funds Are Winning After Today's Positive...
After pending home sales for November overshot expectations this morning—with an increase of 7.3% compared to an expected 1.5% uptick—share prices for home builders are surging. In fact, they make up...
View ArticleBlackstone's Byron Wien Predicted 10 Surprises For 2011, Here's How He Did
With the year almost over, it's time to revisit economic predictions made twelve months ago. At the beginning of the year, Byron Wien, Vice Chairman of Blackstone Advisory Partners, presented ten...
View ArticlePRESENTING: Byron Wien's Ten Predictions For 2012
Blackstone Vice Chairman Byron Wien is out with his highly anticipated list of 2012 surprises. The predictions run the gamut, from a renewed Arab Spring to a revitalized American Economy. He even...
View ArticleThe Last Of The Mega Funds? Blackstone Closes $16 Billion Fund
It took four years to do it, but in January, Blackstone plans to close a $16 billion private equity fund, Reuters reports. The fundraising process for Steve Schwarzman's firm was complicated by the...
View ArticleBlackstone Group Just Registered 7 Websites About How Much It Sucks
Back in 2010, Bank of America registered BrianMoynihanBlows.com and BrianMoynihanSucks.com to play some public relations defense. Now with all the negative spin surrounding the private equity...
View ArticleBlackstone Wants To Sell The New Republic To A Company Like Bloomberg Or News...
The New Republic has brought in Blackstone Group to help them consider a sale, and the investment firm wants to reach out to Bloomberg, News Corporation and individuals interested in D.C. politics,...
View ArticleThe Top 19 Private Equity Firms That AREN'T Bain Capital
Yes, we've all heard and heard and heard some more about Bain Capital recently. But what about the rest of the private equity industry? Sure, Bain is big player. With $29.4 billion in capital raised,...
View ArticleSteve Schwarzman Will Absolutely Not Show You His Personal Finances
Ever since they made 24 times their money investing in Transtar Inc., Steve Schwarzman has had a thing for Mitt Romney. The Blackstone chief and current private equity titan has endorsed his friend...
View ArticleSince Everyone's Talking About It, Let's Break Down What We Know About...
This is a discussion that the private equity industry would rather have go away, but it won't — so let's look at the facts. Part of the reason why Mitt Romney paid a 14% tax rate was because of the...
View ArticleEt Tu Brute? Germany, Sweden, And A Huge California Pension Fund Call For...
All of the sudden, the Obama administration and Democrats aren't the only ones saying the 15% rate private equity managers pay on carried interest should be raised. According to the FT, Germany and...
View ArticleBillionaire Dubai Businessman Would Like Everyone To Know He Had Dinner With...
Dubai-based billionaire construction magnate Khalaf al Habtoor wants you to know that he had dinner with private equity tycoon Steve Schwarzman last night. Here's his press release. (His firm...
View ArticleBlackstone's Stephen Schwarzman Made More Than $406K Per Day Last Year
Billionaire private equity tycoon Stephen Schwarzman raked in $148.5 million in pay and cash dividends last year, according to Bloomberg. That works out to be just over $406,849 per day (including...
View ArticleBYRON WIEN: This Is The 'Wake Up Call' That Will Get Congress To Act On The Debt
Blackstone's Byron Wien has written a comprehensive blow-by-blow account of how the economy ended up in the gutter. And as many have done, he fingers a single culprit: debt. In his new Market...
View ArticleBYRON WIEN: All Of This Bullishness Might Actually Be...Bullish For Stocks
Blackstone's Byron Wien is out with a new market strategy note this morning. As usual, he revisits his 10 Surprises, which he published at the beginning of the year. However, his outlook for stocks is...
View ArticleBlackstone President Tony James Is Raising Money For Obama, Schwarzman Is...
From today's Politico Morning Money: Bloomberg’s Hans Nichols scoops: “Tony James, the president of Blackstone Group LP, has agreed to hold a fundraiser for ... Obama’s re-election campaign, according...
View ArticleBYRON WIEN: Here's Why The S&P 500 Is Going To 1500 This Year
Blackstone's Byron Wien told Bloomberg anchor Tom Keene today that he believes the S&P 500 is on its way to 1500 this year. He gave a few reasons for that: First, Wien believes that oil prices...
View ArticleObama's Huge Double Standard On Private Equity Was Exposed At $2 Million...
On the very same day he launched a sustained attack on Mitt Romney for his work at private equity firm Bain Capital, Obama raised over two million dollars at an event hosted by private equity kind,...
View ArticleSCORECARD: How Blackstone's Byron Wien Is Doing On His Big Predictions For 2012
Nearly six months ago, Blackstone Vice Chairman Byron Wien released his annual list of surprises — ten events he said could happen this year. The predictions run the gamut, from a renewed Arab Spring...
View ArticleOne Of The World's Biggest Commercial Real Estate Investors Is Preparing To...
Blackstone Group, one of the largest private equity firms in the world and one of the biggest players in the global property market, is preparing to unwind its massive $22 billion U.S. commercial real...
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