Blackstone Podcast
Joe Zidle: US-China Tariffs Both Bark and Bite

Joe Zidle: US-China Tariffs Both Bark and Bite

May 20, 2019

In this episode of the Blackstone Podcast, Chief Investment Strategist Joe Zidle argues that the United States and China will eventually reach a trade deal, but that markets will likely experience more volatility in the interim. Click below to hear his expectations for the tariffs’ impact on growth, corporate profits, and risk assets.

 

For more market insights from Joe Zidle, subscribe to his market commentary.

 

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The views expressed in this commentary are the personal views of the speaker and do not necessarily reflect the views of The Blackstone Group L.P. (together with its affiliates, “Blackstone”). The views expressed reflect the current views of the speaker as of the date hereof and Blackstone undertakes no responsibility to advise you of any changes in the views expressed herein.

Neither this blog post, nor the podcast nor any of the information contained herein or therein constitutes an offer to sell, or a solicitation of an offer to buy, any security or instrument in or to participate in any trading strategy with any Blackstone fund or other investment vehicle.

Past performance is not indicative of future results and there is no assurance that any Blackstone fund will achieve its objectives or avoid significant losses. This blog post and the podcast may contain forward-looking statements; such statements are subject to various risks and uncertainties.

For information about Blackstone's business, including risks and financial information, please refer to our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. For additional information, see Blackstone’s public filings at ir.blackstone.com.

Joe Zidle: Finding Value Later in the Cycle with Richard Bernstein

Joe Zidle: Finding Value Later in the Cycle with Richard Bernstein

April 24, 2019

In the most recent episode of the Blackstone Podcast, Chief Investment Strategist Joe Zidle sat down with Richard Bernstein of Richard Bernstein Advisors for a wide-ranging discussion on today’s market and economic conditions. Joe and Rich covered a range of topics, including monetary policy, recession risk, and where we are in the current business cycle.

Richard Bernstein is Chief Executive Officer and Chief Investment Officer of Richard Bernstein Advisors, a macro-focused investment management firm founded in 2009 that manages ETF portfolios, mutual funds, unit investment trusts, and ETFs for a range of individual and institutional clients.

For more market insights from Joe Zidle, subscribe to his market commentary.

 

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The views expressed in this commentary are the personal views of the speakers and do not necessarily reflect the views of The Blackstone Group L.P. (together with its affiliates, “Blackstone”). The views expressed reflect the current views of the speakers as of the date hereof and Blackstone undertakes no responsibility to advise you of any changes in the views expressed herein.

Neither this blog post, nor the podcast nor any of the information contained herein or therein constitutes an offer to sell, or a solicitation of an offer to buy, any security or instrument in or to participate in any trading strategy with any Blackstone fund or other investment vehicle.

Past performance is not indicative of future results and there is no assurance that any Blackstone fund will achieve its objectives or avoid significant losses. This blog post and the podcast may contain forward-looking statements; such statements are subject to various risks and uncertainties.

For information about Blackstone's business, including risks and financial information, please refer to our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. For additional information, see Blackstone’s public filings at ir.blackstone.com.

The GSO Quarterly Credit Brief: Catching Up on Global Markets with Joe Zidle

The GSO Quarterly Credit Brief: Catching Up on Global Markets with Joe Zidle

March 27, 2019

In this episode, Dwight Scott sits down with Joe Zidle, Blackstone’s Chief Investment Strategist, to exchange views on the state of the markets and the economy. Joe discusses the durability of the current economic expansion, the continuation of dovish central bank policy, and increasing headwinds to earnings growth. Dwight then shares his perspectives on the implications of this backdrop for credit investors. He also weighs in on recent debate about leveraged loans, arguing that these investments remain compelling defensive opportunities.

Joe Zidle is a Managing Director at Blackstone and the Chief Investment Strategist in the firm’s Private Wealth Solutions group.

Dwight Scott is a Senior Managing Director at Blackstone and President of GSO Capital Partners. He oversees the day-to-day management of GSO and sits on the investment committees for GSO’s energy funds, mezzanine funds and rescue lending funds.

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The views expressed in this commentary are the personal views of the authors and do not necessarily reflect the views of The Blackstone Group L.P. (together with its affiliates, “Blackstone”). The views expressed reflect the current views of the authors as of the date hereof and Blackstone undertakes no responsibility to advise you of any changes in the views expressed herein.

Neither this blog post, nor the podcast nor any of the information contained herein or therein constitutes an offer to sell, or a solicitation of an offer to buy, any security or instrument in or to participate in any trading strategy with any Blackstone fund or other investment vehicle.

Past performance is not indicative of future results and there is no assurance that any Blackstone fund will achieve its objectives or avoid significant losses. This blog post and the podcast may contain forward-looking statements; such statements are subject to various risks and uncertainties.

For information about Blackstone's business, including risks and financial information, please refer to our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. For additional information, see Blackstone’s public filings at ir.blackstone.com.

Blackstone’s John McCormick on BAAM and the Hedge Fund Industry At-Large

Blackstone’s John McCormick on BAAM and the Hedge Fund Industry At-Large

March 7, 2019

In the latest episode of the Blackstone Podcast, John McCormick, CEO of Blackstone Alternative Asset Management, joined us for a conversation on how BAAM and the hedge fund industry have evolved in recent years. John discussed BAAM’s growth to become the world’s largest discretionary investor in hedge funds, as well as the group’s more recent expansion into business areas like GP stakes and direct investing.

 

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Neither this blog post, nor the podcast nor any of the information contained herein or therein constitutes an offer to sell, or a solicitation of an offer to buy, any security or instrument in or to participate in any trading strategy with any Blackstone fund or other investment vehicle.

Past performance is not indicative of future results and there is no assurance that any Blackstone fund will achieve its objectives or avoid significant losses. This blog post and the podcast may contain forward-looking statements; such statements are subject to various risks and uncertainties.

For information about Blackstone's business, including risks and financial information, please refer to our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. For additional information, see Blackstone’s public filings at ir.blackstone.com.

Joe Zidle: Weighing Uncertainty and Opportunity in Equity Markets with First Eagle’s Matt McLennan

Joe Zidle: Weighing Uncertainty and Opportunity in Equity Markets with First Eagle’s Matt McLennan

January 16, 2019

In the latest episode of his market commentary series on the Blackstone Podcast, investment strategist Joe Zidle sat down with First Eagle’s Matt McLennan to share where they’re seeing opportunity and risk in equity markets. The two discuss ongoing volatility, today’s unique consumer and policy environment, and whether investors should be concerned about a recession on the horizon.

Matt McLennan is the head of the Global Value Team and portfolio manager at First Eagle, a Blackstone portfolio company and independent investment management firm that provides advisory services to clients ranging from institution accounts to financial advisors and more.

 

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The views expressed in this commentary are the personal views of the author and do not necessarily reflect the views of The Blackstone Group L.P. (together with its affiliates, “Blackstone”). The views expressed reflect the current views of the author as of the date hereof and Blackstone undertakes no responsibility to advise you of any changes in the views expressed herein.

Blackstone and others associated with it may have positions in and effect transactions in securities of companies mentioned or indirectly referenced in this commentary and may also perform or seek to perform services for those companies. Investment concepts mentioned in this commentary may be unsuitable for investors depending on their specific investment objectives and financial position.

Tax considerations, margin requirements, commissions and other transaction costs may significantly affect the economic consequences of any transaction concepts referenced in this commentary and should be reviewed carefully with one’s investment and tax advisors. All information in this commentary is believed to be reliable as of the date on which this commentary was issued, and has been obtained from public sources believed to be reliable. No representation or warranty, either express or implied, is provided in relation to the accuracy or completeness of the information contained herein.

This commentary does not constitute an offer to sell any securities or the solicitation of an offer to purchase any securities. This commentary discusses broad market, industry or sector trends, or other general economic, market or political conditions and has not been provided in a fiduciary capacity under ERISA and should not be construed as research, investment advice, or any investment recommendation. Past performance is not necessarily indicative of future performance.

 

 

The GSO Quarterly Credit Brief: The U.S. middle market with Marc Wolpow of Audax

The GSO Quarterly Credit Brief: The U.S. middle market with Marc Wolpow of Audax

January 4, 2019

This quarter, Dwight Scott and Bennett Goodman sit down with Marc Wolpow of Audax Group, a leading investor in the U.S. middle market. Dwight, Bennet and Marc discuss the evolution of this segment of the economy, the state of the market today and the ongoing partnership of Audax and GSO.

Read the rest of this entry »

When Credit Spreads Contradict Equity Volatility

When Credit Spreads Contradict Equity Volatility

November 19, 2018

Blackstone is pleased to announce a new market commentary series on the Blackstone Podcast from investment strategist Joe Zidle. In each episode, Joe will share his insights on market trends and what investors should be looking out for in the month ahead. This week, he sat down with us to discuss volatility, credit spreads and inflation trends.

 

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The views expressed in this commentary are the personal views of the author and do not necessarily reflect the views of The Blackstone Group L.P. (together with its affiliates, “Blackstone”). The views expressed reflect the current views of the author as of the date hereof and Blackstone undertakes no responsibility to advise you of any changes in the views expressed herein.

Blackstone and others associated with it may have positions in and effect transactions in securities of companies mentioned or indirectly referenced in this commentary and may also perform or seek to perform services for those companies. Investment concepts mentioned in this commentary may be unsuitable for investors depending on their specific investment objectives and financial position.

Tax considerations, margin requirements, commissions and other transaction costs may significantly affect the economic consequences of any transaction concepts referenced in this commentary and should be reviewed carefully with one’s investment and tax advisors. All information in this commentary is believed to be reliable as of the date on which this commentary was issued, and has been obtained from public sources believed to be reliable. No representation or warranty, either express or implied, is provided in relation to the accuracy or completeness of the information contained herein.

This commentary does not constitute an offer to sell any securities or the solicitation of an offer to purchase any securities. This commentary discusses broad market, industry or sector trends, or other general economic, market or political conditions and has not been provided in a fiduciary capacity under ERISA and should not be construed as research, investment advice, or any investment recommendation. Past performance is not necessarily indicative of future performance.

 

Introducing GSO President Dwight Scott’s Quarterly Podcast

Introducing GSO President Dwight Scott’s Quarterly Podcast

August 22, 2018

 “We think we have a great business, we think we have a diversified business and we want to tell the story of how we built that business will be a lot of fun and hopefully not just for us, but for the listeners.”

In his first podcast of an ongoing series on the credit markets and GSO, Dwight Scott sat down with Christine Anderson, Head of Global Public Affairs, to discuss the state of the market today, the global credit markets and how GSO has ascended to its leading position in the industry. In the coming months, Dwight will be sitting down with team members at GSO to discuss a wide range of macroeconomic topics impacting credit markets.

 

 

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Neither this blog post, nor the podcast nor any of the information contained herein or therein constitutes an offer to sell, or a solicitation of an offer to buy, any security or instrument in or to participate in any trading strategy with any Blackstone fund or other investment vehicle.

Past performance is not indicative of future results and there is no assurance that any Blackstone fund will achieve its objectives or avoid significant losses. This blog post and the podcast may contain forward-looking statements; such statements are subject to various risks and uncertainties.

For information about Blackstone's business, including risks and financial information, please refer to our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. For additional information, see Blackstone’s public filings at ir.blackstone.com.

Joe Zidle on Trade, Capex, and his Bullish Views on Growth

Joe Zidle on Trade, Capex, and his Bullish Views on Growth

July 25, 2018

On this episode of the Blackstone podcast, Joe Lohrer, National Sales Manager for Private Wealth Solutions, sat down with investment strategist Joe Zidle to discuss broad trends in the market and the variety of political and economic factors that are shaping his outlook for future growth. Joe Zidle is a frequent guest on CNBC and a contributor to a number of financial media outlets, and regularly shares his unique perspective with Blackstone’s audiences through his market commentary series.

The discussion spanned a range of topics, from Joe’s take on inflation concerns to the looming threat of a trade war. Joe also shared his optimistic views on future growth despite the major political and financial concerns facing investors today.

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The views expressed in this podcast are the personal views of Joe Zidle and do not necessarily reflect the views of The Blackstone Group L.P. (together with its affiliates, “Blackstone”). The views expressed reflect the current views of Joe Zidle as of the date hereof, and neither Joe Zidle nor Blackstone undertake any responsibility to advise you of any changes in the views expressed herein.

Neither this podcast nor any of the information contained herein constitutes an offer to sell, or a solicitation of an offer to buy, any security or instrument in or to participate in any trading strategy with any Blackstone fund or other investment vehicle.

Past performance is not indicative of future results and there is no assurance that any Blackstone fund will achieve its objectives or avoid significant losses. This podcast may contain forward-looking statements; such statements are subject to various risks and uncertainties.

For information about Blackstone's business, including risks and financial information, please refer to our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. For additional information, see Blackstone’s public filings at ir.blackstone.com.

 
 

 

Behind the Deal: Blackstone’s Thomson Reuters F&R Partnership

Behind the Deal: Blackstone’s Thomson Reuters F&R Partnership

May 24, 2018

Today, we’re launching a new series on the Blackstone podcast called “Behind the Deal” – which will take a closer at some of our firm’s most high-profile transactions, and how we partner with businesses across industries to create value and drive growth.

In the first episode, we speak to Martin Brand, a Senior Managing Director in Blackstone’s Private Equity business, who is the lead partner on our recent $20 billion deal for Thomson Reuters Financial and Risk (F&R) business.

Martin sat down to discuss some behind-the-scenes details on how the deal came together, and what we see looking ahead for the F&R business and our partnership with Thomson Reuters.

 

 

 

 

 

Neither this podcast nor any of the information contained herein constitutes an offer to sell, or a solicitation of an offer to buy, any security or instrument in or to participate in any trading strategy with any Blackstone fund or other investment vehicle.

 

Past performance is not indicative of future results and there is no assurance that any Blackstone fund will achieve its objectives or avoid significant losses. This podcast may contain forward-looking statements; such statements are subject to various risks and uncertainties.

 

For information about Blackstone's business, including risks and financial information, please refer to our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. For additional information, see Blackstone’s public filings at ir.blackstone.com.