“Limit redemptions” is pretty much another way of saying “I’m telling you our assets are recorded at values way above their actual market value without saying our assets are recorded at values way above their actual market value.” This kind of stuff doesn’t end cleanly. 🧐 - The Great Awakening

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“Limit redemptions” is pretty much another way of saying “I’m telling you our assets are recorded at values way above their actual market value without saying our assets are recorded at values way above their actual market value.” This kind of stuff doesn’t end cleanly. 🧐 (finance.yahoo.com)

posted 2 years ago by BasedInFact 2 years ago by BasedInFact +9 / -0

Blackstone’s $69 Billion Real Estate Fund Hits Redemption Limit

(Bloomberg) -- Blackstone Inc.’s $69 billion real estate fund for wealthy individuals said it will limit redemption requests, one of the most dramatic signs of a pullback at a top profit driver for the firm and a chilling indicator for the property industr...

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