Zell: No Problem Being a Big Holder of Cash Today

The transcript discusses Bloomberg's inaccurate report on fundraising for a distressed debt fund, emphasizing a cautious approach to market opportunities. It also covers Blackstone's entry into the non-traded REIT arena and its implications. The speaker highlights the low cost of holding cash and the strategic decision to maintain liquidity, reflecting a cautious investment approach.

What does the speaker imply about the current market environment for launching new funds?

What is the current attitude towards raising money according to the speaker?

How does the speaker view the entry of Blackstone into the non-traded REIT arena?

What does the speaker suggest about the cost of having cash today?

What is the significance of holding back more cash according to the speaker?