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Alternative asset managers such as Blackstone Group LP and KKR & Co LP have for decades scoured the stock market for undervalued companies. Now they are trying to convince investors that shares in their own firms are a bargain.As a group, their valuations tend to be weighed down by at least three factors. Because they have gone public relatively recently, their track record as public companies is relatively short. The presentation of their results is complicated and makes comparisons difficult. What is more, their founders and partners have retained significant stakes, which can be negative for their stock when investors fear a significant share sale.Even so, shares of these firms - a list that also includes Carlyle Group LP and Apollo Global Management LLC - are unlikely to stay cheap for long, analysts say.If these firms can keep generating strong results, turning profits from asset sales and paying out more in dividends, stock market investors are bound to pile in, they say."We beli...
Blackstone Group LP co-founder Stephen Schwarzman got about $213.5 million in salary, share of profits and cash distributions from his holdings in the world's larges...
It is inconclusive whether GOP presidential contender Mitt Romney was a job creator or destroyer at his former company, Bain Capital. Bain is a private equity shop t...
By Douglas Busvine, Megan Davies and Dinesh NairMOSCOW (Reuters) - On an overcast day in May, a clutch of the world's most powerful investors gathered in a 19th-cent...
Helped by higher values of investments and more assets under management, Blackstone (NYSE:BX) reported on Wednesday a stronger-than-expected 56% gain in fourth-quart...
By Megan DaviesNEW YORK (Reuters) - Henry Kravis, co-founder of private equity firm Kohlberg Kravis Roberts & Co, has pledged $100 million to the Columbia Business S...
By Megan Davies and Guillermo Parra-BernalNEW YORK/SAO PAULO (Reuters) - U.S. private equitygiant Blackstone Group plans to pay $200 million for a40 percent stake in...
August 26, 2009 12:38 PM Vulture Funds Descend on Banksby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »Known on Wall Street as...
August 26, 2009 12:38 PM UTC by Elizabeth MacDonaldVulture Funds Descend on BanksKnown on Wall Street as the “smart money” crowd that turned quickly dumb due to bad ...
Who has shot themselves in the foot?
Blackstone Group Inc. founder Stephen Schwarzman will personally donate $100 million to a scholarship fund at China's Tsinghua University as part of the largest inte...
The earnings of Blackstone Group LP head Stephen Schwarzman were flat in 2012 at more than $200 million, while Leon Black, the CEO at private equity rival Apollo Glo...
One of hedge fund billionaire Steven A. Cohen's largest outside investors, private equity firm Blackstone Group LP, appears inclined to keep its money with his SAC C...
Blackstone Group LP is starting a new real estate fund focused on Asia as it seizes on a "golden moment" to buy and sell in the property market, its president said o...
Nobody likes taxes, and much of Wall Street has poured money into Mitt Romney campaign coffers to avoid paying higher ones.Yet a surprising number of top money manag...
Blackstone Group LP (BX) swung to a third-quarter profit as the private-equity giant saw its pool of assets under management strengthen, while revenue climbed.Blacks...
When Blackstone Group LP (NYSE:BX) named a new global head of private equity last month, Chief Executive Stephen Schwarzman was looking for more than just a business...
