Steve Schwarzman Private Equity Is Miserable At Marketing ThemselvesVW Staff
The Blackstone Group L.P. (NYSE:BX) Chairman And CEO Steve Schwarzman was on Bloomberg Television's "Market Makers" today. Speaking with Erik Schatzker and Stephanie Ruhle, Steve Schwarzman said that Blackstone has "aggressive plans" for further diversifying its operations and growing assets under management.
Steve Schwarzman said, "We've expanded our business significantly. That was highly unusual during the financial crisis, when almost all financial institutions where pretty much shrinking." Steve Schwarzman also said, "the private equity industry generally is relatively miserable at marketing themselves . . .
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