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Blackstone Chief Starts $300m China Scholarship

Stephen Schwarzman

Stephen Schwarzman, the billionaire chairman of Blackstone Group, is setting up a $300m scholarship for foreign students to attend China’s Tsinghua University, the alma mater of senior officials including President Xi Jinping.

Blackstone Said In Push for Hedge Fund Stakes

Hedge Fund

Blackstone Group has hired Anthony Maniscalco to help run a new business that will buy stakes in hedge-fund managers, said three people familiar with the plans, as the firm tackles an investing area where institutions such as Goldman Sachs have had mixed results.

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