Blackstone limits withdrawals at $125bn property fund as investors rush to exit

Financial Times/Antoine Gara and Sujeet Indap/12-2-2022

“Blackstone has limited withdrawals from its $125bn real estate investment fund following a surge in redemption requests, as investors clamour to get their hands on cash and concerns grow about the long-term health of the commercial property market. The private equity group approved only 43 percent of redemption requests.…”

USAGOLD note: Easy to get in. Difficult, it would seem, to get out. … This article caught our eye – an interesting read. It can’t help but raise a question: Is this the shape of things to come or an anomaly?

The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.