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The Blackstone Group L.P. Message Board

tradingbasis 2 posts  |  Last Activity: Jul 29, 2014 5:00 PM Member since: Jul 1, 2003
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  • tradingbasis tradingbasis Jul 29, 2014 5:00 PM Flag

    Really? If you see it "quarter after quarter", why don't you buy some puts to hedge against the sell-off, or buy more shares when its down? I bought 35 puts to hedge my long position. Now I bought 34 calls as I believe we are going back up. I am only down .38 % from the 36.08 closing high.

    Sentiment: Buy

  • Reply to

    New risk??

    by shamanhbc Jun 30, 2014 2:03 PM
    tradingbasis tradingbasis Jun 30, 2014 5:57 PM Flag

    They are already a fund of funds where they receive a percentage of the fees captured by a hedge fund where there capital investors have subscribed. BX has also invested startup capital in a few hedge funds over the years. So this is not a huge departure from what they have already been doing.

    The fact that they are starting their own hedge fund means says a feww things to me: 1) BX has a lot of access to capital which bodes well for AUM growth going forward, 2) that they can bring in more fees with their own hedge fund versus being a fund of funds, and 3) that they are seeing the importance of diversifying revenues into other asset types.

    I for one welcome it.

    Sentiment: Hold

BX
33.17+0.02(+0.06%)Sep 19 4:04 PMEDT

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