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In the real estate group at Blackstone,
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they've had 30% a year for the last fifteen years
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and this is after fees
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Blackstone Group has been very much in the news recently.
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It just came out that they are apparently going to be
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buying $12.5 billion dollars of leveraged loans from Citigroup
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at a steep discount.
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So, apparently they've seen a profit opportunity there or
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they're supporting our economy from the ravages of the subprime crisis.
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Also in the news,
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China has announced that it plans to buy $3 billion dollars stake
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in Blackstone Group as its first effort to diversify