|Day's Range||1.2000 - 1.2000|
With institutional capital's flight from hedge funds into the private equity sector, expect blue chip firms like Blackstone (BX) to continue to increase raise enormous funds, suggests John Freund, income and growth specialist and editor of BullMarket Report.
With patience and skill, Blackstone Group CEO Stephen Schwarzman helped build an alternative-investment powerhouse that soon will be available to a much larger universe of investors.
NEW YORK, June 14, 2019 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (BXMT) today declared a dividend of $0.62 per share of class A common stock with respect to the second quarter of 2019. Blackstone Mortgage Trust (BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. Blackstone (BX) is one of the world's leading investment firms.
GSO Capital Partners, Blackstone’s (BX) credit platform, today announced the final closing of the GSO Energy Select Opportunities Fund II strategy (“the Fund”), at $4.5 billion. With strong support from both existing and new investors, the Fund is among the largest dedicated energy-focused credit funds in the market. GSO sourced commitments from a global investor base, including U.S. state, corporate and international pension funds, financial institutions, endowments, foundations and family offices.
Residential appraiser Ryan Lundquist said he was intrigued when he spotted about 10 Blackstone-owned homes for sale this month locally.
Investors seeking financial stocks that can outperform amid the market's crosscurrents in 2019 might consider eight financial services companies in industries such as exchanges, property insurance, alternative asset management, and mortgages. While banks are currently rebounding in the latest rally, their profits are likely to be pressured by an inverted yield curve that will squeeze earnings.
Blackstone is the world’s largest alternative asset manager, rather than the largest asset manager as incorrectly stated in an article on June 12. Copyright © 2015 The Financial Times Limited. Please don't ...
World-class money managers like Ken Griffin and Barry Rosenstein only invest their wealthy clients' money after undertaking a rigorous examination of any potential stock. They are particularly successful in this regard when it comes to small-cap stocks, which their peerless research gives them a big information advantage on when it comes to judging their worth. […]
In this daily bar chart of BX, below, we can see heavy volume in December as prices reversed from a downtrend to an uptrend. Prices and the On-Balance-Volume (OBV) line made a "V"-like bottom. In this weekly bar chart of BX, below, we can see an advance the past three years.
Eight months after Chief Executive Officer Steve Schwarzman pledged $350 million to establish a college of computing at Massachusetts Institute of Technology, Executive Vice Chairman Tony James and wife Amabel are providing the funds to create a center for artificial intelligence and human health at Mount Sinai’s medical school in New York.
Element Capital’s Jeffrey Talpins, one of the hedge fund industry’s biggest but least-known stars, is cutting about a tenth of his employees, according to people with knowledge of the plans. Although largely unknown outside the money management world, Mr Talpins’ Element has emerged as one of the most successful “macro” hedge funds in an industry whose luminaries include Paul Tudor Jones, Alan Howard and Louis Bacon. Element’s $18bn hedge fund has averaged annual returns of more than 20 per cent since 2005, producing steady and strong gains and never suffering a down year over a turbulent period that has wrongfooted many other macro hedge funds, which bet on big economic trends.
Deutsche Bank has warned almost 1,000 corporate clients that they will lose access to basic banking services within weeks because it has not received documents needed to verify their identity. The Frankfurt-based lender has sent hundreds of the termination letters to blue-chip companies, underscoring how banks are scrambling to meet tougher anti-money laundering rules introduced by regulators around the world in recent years.
The private-equity giant is in the process of hiring an executive to run the company, which will manage its holdings of logistics properties close to towns and cities, according to people with knowledge of the matter. Blackstone has led a wave of investment into urban warehouses, betting that demand from online retailers such as Amazon.com Inc. will continue to push up rents and values. The last-mile logistics facilities, so called because of their proximity to population centers, are currently overseen by M7 Real Estate in a venture with Blackstone, they said.
Dewan Housing Finance Corp. is already behind schedule in meeting debt obligations as it missed paying 9.6 billion rupees of interest that was due on Tuesday on bonds, a company official said, adding that the debt would be serviced in the next seven days. The home financier is expected to get money from Blackstone Group LP on Monday from a previously agreed group unit sale. Timely repayment by Dewan Housing will help allay wariness in the nation’s credit markets, where infrastructure financier IL&FS Group’s default last year has prompted investors to stay away from debt of shadow lenders.
First some recap, the some deals: If you’re in real estate, then you likely saw that The Blackstone Group (NYSE: BX) made a massive purchase that was announced this week — 179 million square feet of urban, infill logistics real estate — from Singapore investment manager GLP. The $18.7 billion deal includes several metro Denver properties totaling 1.9 million square feet of space.
So, who performs better with their portfolio companies, publicly traded private equity firms or non-publicly traded ones?
A New York-based investment firm will purchase 179 million square feet of urban, infill logistics real estate, which includes 17 properties in Greater Cincinnati.
FT premium subscribers can click here to receive Due Diligence every day by email. The FT podcast that takes you up close with the best of our business journalism returns with DD’s Eric Platt discussing his reporting into Berkshire Hathaway and how Warren Buffett is thinking about its future. the 30th year anniversary of the massacre in Beijing’s Tiananmen Square, where the Chinese government cracked down on student protesters.
HONG KONG/BEIJING, June 4 (Reuters) - Tens of thousands joined a sombre candlelight vigil in Hong Kong on Tuesday to mark the 30th anniversary of Chinese troops opening fire on student-led democracy protesters in and around Tiananmen Square, as authorities in Beijing went into lockdown. Demonstrators gathered in the financial hub's Victoria Park, holding up candles and placards as others rallied next to a replica of the Goddess of Democracy statue, which was erected in Tiananmen Square during the 1989 demonstrations in Beijing.
Moody's Investors Service ("Moody's") says that GLP Pte. Ltd.'s ("GLP") (Baa3 stable) announcement on 3 June that it will sell assets from three of its US funds to Blackstone Group LP is credit positive, but has no immediate impact on GLP's Baa3 issuer and senior unsecured ratings or the stable outlook. "Pending on the close of the transaction, and if GLP plans to deploy a material part of the net proceeds from the asset sale to reduce its financial leverage, we expect only a moderate impact on its credit metrics given the small size of the net proceeds relative to its debt level," says Stephanie Lau, a Moody's Vice President - Senior Analyst. While this level of leverage is still high for the Baa3 rating, Moody's expects GLP's adjusted net debt/EBITDA (after JV adjustments) will continue to trend towards 9.0x over the next 12 months.
About a month ago, GLP, the Singapore logistics real estate giant, was reportedly mulling an IPO for its U.S. operations. In fact, with the June 2 announcement that it would sell 179 million square feet of logistics real estate assets to Blackstone Real Estate, GLP has pared back its U.S. exposure to virtually nothing by big-player standards. The $18.7 billion transaction, billed as the largest real estate deal ever between private global companies, would leave GLP with 8 million square feet of logistics real estate in the U.S. The U.S. market currently represents about one-quarter of GLP's global footprint, which stands at 785 million square feet.
KKR bought Goodpack for $1.1 billion in 2014 — one of the largest acquisitions made in Asia that year.
The stocks of financial institutions that rely on so-called lending spreads to make money are under pressure. KBW’s Frederick Cannon identified financial companies that are likely to do well now.