Blackstone Risks Hedge Fund Returns as LBO Loans Fade
(bloomberg.com)Search
2008-07-18
``Blackstone can't wait for banks, stuck with almost $100 billion of debt from earlier LBOs, to start lending again. Instead, it's pushing deeper into deal financing with GSO. The strategy may hurt the hedge-fund unit's returns -- some approaching 40 percent -- if slowing economies lead companies taken private by Blackstone to default on their debt.''
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