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Steve Schwarzman Says Money Raised by Blackstone Was Like an 'Out-of-Body Experience'
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Steve Schwarzman Says Money Raised by Blackstone Was Like an 'Out-of-Body Experience'
The chief executive officer of the world’s largest asset manager is confident the U.S. isn’t headed toward a recession any time soon and is certain the nation will strike a trade deal with China, Schwarzman said in a Bloomberg Television interview Thursday. At his firm, Blackstone Group LP, assets have soared and shares surged in pre-market trading after the company announced it would change its corporate structure. Blackstone raised $43 billion in the first three months of the year and has gathered $126 billion in the past 12 months.
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