(Bloomberg) — Blackstone Group Inc. saw asset values across most of its business segments plunge in the first quarter because of the economic fallout from the coronavirus.Reflecting the speed of the turmoil caused by the pandemic, the declines come just months after private equity managers said they were struggling to do deals because prices were too high. Despite the declines, which mirrored the fall in public markets, the firm’s leadership struck a bullish tone.“We built a business that’s designed to ride through a difficult environment,” Jonathan Gray, president of the firm, said in an interview. “Blackstone ultimately emerged much stronger …read more
Source:: Yahoo Finance
