Blackstone CEO Discusses Fund Resilience and Defaults
Blackstone reported rising earnings today as CEO Stephen Schwarzman noted that funds are prepared for higher defaults. The firm expects lower base rates ahead.
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BLACKSTONE INC has structured its investment vehicles to withstand shifting credit conditions, according to leadership at the world's largest alternative asset manager. During a conference call following the release of rising earnings, Chairman and CEO Stephen Schwarzman addressed investor sentiment regarding the private debt sector and the broader macroeconomic landscape in the United States.
