BLOOMBERG Money Moves With Deirdre Bolton December 27, 2013
Equity firm in the world, blackstone, going public. For the first time this week it is surpassing its 2007 ipo price. Devin, pe as an industry has changed so much in the last few years. Is blackstone the new Goldman Sachs . Hey, deirdre. Happy holidays. It is a good question, because these managers lack stone, kkr are doing a lot of the activities that banks use to do before the regulation came up. Ne prime example is in europe distrust lending, rescue financing, these are areas that banks were very active in. We see blackstone is stepping in to that lending void with this gsr credit unit. Kkr...