News: Blackstone Group

Many people have railed against hedge funds like the Blackstone Group for inflating the bubble we saw in the real estate market and then profiting from the collapse. While the accusations may be true, small investors can buy shares of Blackstone for the dividend and sell a call option in order to profit by trading the company's stock.

In the wake of the death of yet another trainer at SeaWorld, longtime friend to animals and dedicated PETA supporter Bob Barker has contacted Hamilton James-the president and CEO of the Blackstone Group, which acquired SeaWorld last year-to urge him to close all SeaWorld amusement parks.

When billionaires pledge a billion dollars to educate people to the evils of something, it is always good to peer closely at what they are up to. Hedge fund magnate Peter G. Peterson was formerly Chairman of the Council on Foreign Relations and head of the New York Federal Reserve. He is now senior chairman of Blackstone Group

Orbitz World Wide (ticker:OWW) Director buys fifty million dollars worth of shares via a company he heads through the Blackstone Group. The purchase comes before investigations by New York Attorney General Andrew Cuomo of accusations that OWW and other online retailers funneled customers to third party loyalty programs charging unauthorized fees.

Resolution Group, the UK buy-out firm and Blackstone are in race along with National Australia Bank (NAB) to buy more than 300 branches being sold by Royal Bank of Scotland (RBS), reported the Financial Times.

Morgan Stanley, the securities firm that spent more than $8 billion on commercial property in 2007, plans to relinquish five San Francisco office buildings to its lender two years after purchasing them from Blackstone Group LP at the top of the real estate boom.

L'operatore di parchi a tema Busch Entertainment ha cambiato nome in SeaWorld Parks & Entertainment. Il cambiamento, peraltro già annunciato, segue l'acquisto della compagnia da parte della Blackstone (1,8 miliardi di euro). La vendita era stata annunciata congiuntamente il 1 dicembre da Anheuser-Busch InBev e da Blackstone Group...