Blackstone admits union pressure

Blackstone Group has admitted trade union and political pressure on its investors and industry tax breaks could harm its returns.

The US alternative investments group last week made the admission by adding to the risk factors section of its updated listing prospectus, filed with US regulator the Securities and Exchange Commission.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire