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Blackstone Poised to Capitalize on ‘Unprecedented’ Trade War-Driven Volatility with $26.5 Billion War Chest

Blackstone Group Chief Executive Steve Schwarzman, speaking as the private equity giant unveiled its earnings for the second quarter, said it plans to “wait patiently” to capitalize on investment opportunities that arise from the impact of rising protectionism on global trade, with as much as $26.5 billion in uninvested capital earmarked for real estate. Schwarzman described President Donald Trump’s directed global trade war as a “complex and highly…

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