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48-year-old billionaire Jonathan Gray is replacing Tony James as Blackstone’s COO

Blackstone Group has promoted billionaire Jonathan Gray, it's long-time real-estate head, to replace Tony James as COO

A tiny advisory firm with just 3 partners will earn a slice of the $80 million in advisory fees from the $17 billion Reuters-Blackstone deal

Canson Capital, a tiny UK investment bank that has been around for less than a year, was a lead adviser on the $17 billion Reuters-Blackstone deal.

Private-equity firms and hedge funds are getting clobbered by subprime auto loans

The investment firms now find themselves stuck with the downward cycle of losses and unable to make an easy escape.
Blackstone CEO Steve Schwarzman and President Donald Trump

A change to the GOP tax bill would be a huge boost to energy companies

An amendments to the Republican tax bill would give a huge deduction to the executives of publicly traded private equity firms like Blackstone and Carlyle.

Trump ally Steve Schwarzman was asked what the president is doing for women, and it got pretty awkward

Trump ally Steve Schwarzman was asked at a Women in the Workplace event what President Donald Trump was doing for women. It got awkward.

Blackstone named a leader for its massive new infrastructure fund

Blackstone has tapped ex-GE exec Steve Bolze to help run its massive new infrastructure fund, which has as much as $100 billion in investment firepower.

A hedge fund at the world’s biggest alternative-asset manager is setting off on its own

Francis Cueto is the first fund manager from Blackstone's Senfina Partners platform to start a separate firm.

Wall Street billionaire Steve Schwarzman explains why he committed to hiring 50,000 veterans

Steve Schwarzman, the CEO and cofounder of $340 billion alternatives giant Blackstone Group, spoke at the annual Knight-Bagehot dinner in New York.

Private equity giants are starting to emulate Warren Buffett

Private equity firms are raising new funds to invest with a longer-term vision.

BYRON WIEN: ‘UK and European stocks are a buy’ if Theresa May gets Brexit right

During the United Nations Week, Byron Wien got to ask an important question on Brexit.