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How Blackstone’s Breit bets left it with bruises
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fnlondon.comBlackstone became one of the world’s most powerful financial firms by investing on behalf of large institutional investors. To boost growth, it decided to offer its products to individuals. Its new fund was a huge success, becoming the biggest Blackstone had ever raised.
Then it became a crisis.
The firm launched Breit, officially called Blackstone...
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