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Posted on: Oct. 15, 2015, 4:44 p.m.
As the first alternative asset manager to report third-quarter earnings this year, Blackstone Group on Thursday gave a glimpse into the impact of public market volatility on its holdings. Blackstone’s private equity business was slow in deploying capital during the quarter. Speaking on a conference call Thursday morning to discuss the earnings, President Hamilton “Tony” James said the slower investment pace wasn’t due to a lack of debt financing, but instead resulted from overly high corporate valuations. He pointed to ... Full investment news article