Gray sees “ton of noise” related to credit, the executive added. Blackstone (BX) President and COO Jon Gray is being interviewed on CNBC. Shares of Blackstone are down in early trading after yesterday’s filing disclosing that the company is allowing investors to redeem a record 7.9% of shares from its flagship private credit fund.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BX:
- Blackstone down 8% at $106.25 amid BCRED redemptions
- Medline files to sell 75M shares of Class A common stock for holders
- Blackstone price target lowered to $122 from $158 at JPMorgan
- Blackstone price target lowered to $126 from $164 at Barclays
- Volkswagen Stock (VWAGY) Powers Higher as Potentially AI-Proof Diesel Arm Everllence Attracts $9.44B Bids