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Blackstone, the world's largest "alternative" asset manager, appears to be going insolvent as it once again, for the second time in the past year, blocks withdrawals from its $70 [...]
The private equity firm says it faced a flurry of redemption requests.
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Blackstone Inc said on Monday it had again blocked withdrawals from its $70 billion real estate income trust in March as the private equity firm faced a flurry of redemption requests.
Blackstone Inc said on Monday that it had again blocked withdrawals from its $70 billion real estate income trust in March as the private equity firm faced a flurry of redemption requests. Blackstone has been exercising its right to block investor withdrawals from BREIT since November last year after requests exceeded ......
NEW YORK (Reuters) - Blackstone Inc said on Monday that it had again blocked withdrawals from its $70 billion real estate income trust in March as the private equity firm faced a flurry of redemption requests. | 11:17am