Blackstone's Advisory Group Spin-Off: Quelling Conflicts Of Interest
- Just this week, Blackstone, the world's largest alternative assets manager, announced its intention to spin off its advisory business.
- Despite the advisory business being the root of Blackstone, it no longer complements Blackstone's core business of asset management.
- Instead, the advisory group is hindered by numerous conflicts of interest, which is caused by the sheer size of the asset management division.
- The spin-off is a great move which allows these conflicts to be put to rest, thus enabling the advisory division to realize its true potential.