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Billionaire Steve Schwarzman Has No Pity For Hedge Funds

by businessinsider.com posted 2years ago 992 views
Hedge funds have been having a rough time recently, but billionaire Steve Schwarzman of the Blackstone Group has very little pity for them. The hedge fund industry is grappling with issues such as volatile commodity prices and losses from big, concentrated bets, and they have had a terrible start to the year.

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