"We believe in the basic prospects of this area," says Blackstone (BX) Chairman Stephen...

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

"We believe in the basic prospects of this area," says Blackstone (BX) Chairman Stephen Schwarzman, explaining why Asia's growth slowdown and lower asset prices has his firm excited about deploying money there. The company recently closed a property fund and has $13.3B burning a hole in its pocket.