With $1 trillion in assets and unrivaled returns, the private equity giant has conquered Wall Street, but its 76-year old founder, Steve Schwarzman, isn’t finished. He wants total domination overseas as well— and the firm’s crown prince, Jonathan Gray, has built an ingenious weapon targeting vast amounts of global wealth.
The famed value investor thinks stocks have come down to attractive valuations after a selloff this year.
The famed stockpicker is doubling down on her favorite “disruptive innovation” stocks despite market drubbing.
Analysts at Deutsche Bank and KBW have recently estimated Credit Suisse’s restructuring plans would cost roughly US$4 billion.