24 April 2020 – Brainsre.news
The world’s largest fund manager has announced that it has more than USD 150 billion of ‘gunpowder’ to invest, “more than anyone else in the industry.”
The US fund manager Blackstone has announced that it has USD 151.5 billion (about €140 billion) of “gunpowder” to make the most of the investment opportunities that will arise after the global crisis caused by the Covid-19 coronavirus.
That is according to its President and CEO, Stephen Schwarzman. He highlighted Blackstone’s unique liquidity position in the face of the economic shocks that are being caused by the virus pandemic worldwide. “We are uniquely positioned to invest on behalf of our clients at a time of historic disruption,” said Schwarzman.
Original Story: Brainsre.news
Translation/Summary: Carmel Drake