crabs in peril

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    Stephen Schwarzman’s Crab Claw Funds At Risk

    Blackstone reported an unexpected third- quarter loss as an 11 percent drop in the value of its buyout holdings forced the reversal of previously booked fees. Economic net income, a measure of earnings excluding some costs tied to the firm’s initial public offering, showed a loss of $341.9 million, or 31 cents a share, compared […]

    / Oct 20, 2011 at 1:05 PM

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