The Wall Street titan says three megatrends that have driven Blackstone to $1.9 trillion in assets under management are now combining in a unique way.
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The sale to the US private equity firm completes a six-month strategic review of the ASX-listed company, which morphs into a pure-play asset manager.
The bank boss said comments by Apollo Capital Management should force an urgent rethink on regulatory rules for super funds.
The tollroad group is cutting costs and jobs as it tries to keep dividends at current levels, chief executive Graeme Bevans says.