Stephen Schwarzman

At the Delivering Alpha conference yesterday, the Blackstone Group CEO weighed in where to find yield and attractive sectors of the market.
The former global head of M&A at Morgan Stanley joined forces with Blackstone Group to create a publicly traded boutique advisory firm.
Suitors like ExxonMobil and Blackstone Group won’t rush into deals, given weak energy prices and past investment flops in the sector.
Following the 2008 financial crisis, Blackstone Group chairman and CEO Stephen Schwarzman used the acquisition of GSO Capital to diversify the alternative asset management firm’s businesses and help more than double its assets.
Blackstone has reshuffled its management as part of its $15 billion fund-raising.