Blackstone CEO: Hedge Fund Asset Class May Shrink

The transcript discusses the hedge fund industry, focusing on Blackstone's growth and challenges. It highlights unfavorable market conditions affecting hedge fund performance and the shift towards quality and performance. The discussion includes capital allocation strategies and Blackstone's multi-manager business, emphasizing the importance of selecting quality investments and adapting to market changes.

What challenges has Blackstone faced with its multi-manager business?

How does the speaker view the future prospects of their business despite current challenges?