Hedge Funds May Lose 25% of Assets, Blackstone Says

The video features an interview with Blackstone CEO Tony James, discussing investment perspectives in Canada, particularly in the energy and real estate sectors. James highlights challenges such as high capital costs and pipeline access issues in Canada, making it less attractive compared to the US. He also comments on the Canadian real estate market, noting that it is adequately priced with increasing supply, limiting potential value growth. Additionally, James provides insights into the hedge fund industry, predicting a significant value loss in the coming year. The discussion is based on reports by Bloomberg's Scott Deveau.

What was the overall sentiment expressed by Tony James about the Canadian real estate market?

What impact does Tony James predict for the hedge fund industry in the next year?