Private Equity Has the Cash, and It Is King

Private Equity Has the Cash, and It Is King

Firms that sat on their hands as valuations remained high in Asia can now expect their pick of bargains. Private equity firms, sitting on a record $388 billion of dry powder in Asia, may be about to get their reward for patience. Cash is king as corporate finances are...
Bill Ackman Buys Shares of Private Equity Giant Blackstone

Bill Ackman Buys Shares of Private Equity Giant Blackstone

Hedge fund manager Bill Ackman is buying shares of private equity heavyweight Blackstone Group Inc., according to a person familiar with the matter, as the growing coronavirus pandemic roils markets. Blackstone slumped 1.6% on Wednesday and has declined 34% over the...