(Bloomberg) -- Blackstone Inc. has agreed to acquire insurance firm American International Group Inc.’s $3.6 billion collateralized-loan obligation assets, according to people with knowledge of the matter. Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionHong Kong to Give Away 500,000 Air Tickets to Revive TourismPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000How Extreme Bets Fueled an $11.4 Bil
NEW YORK, February 02, 2023--Blackstone (NYSE:BX) announced today that Stephen Schwarzman, Chairman, CEO and Co-Founder, is scheduled to present at the Bank of America Securities 2023 Financial Services Conference on Thursday, February 16, 2023 at 12:30pm ET.
2022 was a challenging year for alternative asset management company Blackstone (NYSE: BX). The general bear market and rising interest rates weighed on the company as they did many other stocks. In October, Blackstone's private real estate investment trust, BREIT, saw increased redemption requests, which sent investors running.