Salient to Investors: Tony James at Blackstone said hedge funds are a way to play the stock market with lower volatility and lower returns – shoot-the-lights-out returns are best left to private equity and real estate. Neil Chriss at Hutchin Hill Capital said Calpers’ hedge-fund allocation was not big enough to
READ MORE... →Salient to Investors: Jonathan Gray at Blackstone said: The institutional buying wave has passed and Blackstone’s acquisition pace has declined 70 percent from its peak last year Blackstone has narrowed most of its purchasing to Seattle, Atlanta, Miami, Orlando and Tampa. Institutional buyers are tapering their buying and are
READ MORE... →Salient to Investors: Joseph Baratta at Blackstone said: The stock market rally may last 2 more years with compound annual growth of 8% to 10%, as long as the Fed provides support. Equity markets are not overvalued when measured by the prices buyout firms are paying for companies. US economic
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