Blackstone has spent a significant amount of time and effort searching for the right manager to spearhead our effort into the long/short equity space. |
Competition I don't worry about. Nothing can really solve the problem of high prices. |
Our intention is to support the company and its management in executing a strategy of long-term value creation for all stakeholders in a collaborative environment. |
So you need to be careful and have very good operating plans for the companies that you buy. |
When you buy a company sometimes there are some short-term cuts, but basically we make money when companies grow fast...so our interests are linked with the number of people working for us. |