The Blackstone Group Inc. (NYSE:BX) The Goldman Sachs U.S. Financial Services Virtual Conference 2020 December 9, 2020 12:40 PM ET
Company Participants
Stephen Schwarzman - Chairman, Chief Executive Officer and Co-Founder
Conference Call Participants
Alexander Blostein - Goldman Sachs
Alexander Blostein
Great Well, good afternoon, everybody. For our next session, it is my pleasure to welcome Steve Schwarzman, Chairman, Founder and CEO of Blackstone. With nearly $600 billion in assets under management, Blackstone remains the world's largest and most diversified alternative asset manager. Despite numerous challenges presented by the pandemic, the firm continues to generate solid investment performance, drive meaningful fundraising with over $60 billion in year-to-date capital raised and delivers product innovation across increasingly broad set of strategies at scale.
We look forward to hearing from Steve how Blackstone is capitalizing on these competitive advantages, as well as, of course, his insights into today's investment environment.
So, Steve, thank you very much for joining us again this year.
Stephen Schwarzman
Thanks a lot, Alex. And welcome to lunch for everyone. Alex and I will be working, you'll be eating.
Question-and-Answer Session
Q - Alexander Blostein
Well, great. Listen, I have a bunch of questions. I'm sure we're going to get some questions on the webcast as well. So, we'll try to incorporate them. But to kick things off, I wanted to ask you more of a macro question. Look, 2020 was an incredibly challenging year. It goes without saying. But with prospects of a recovery, we're starting to see some light at the end of the tunnel.
With that backdrop, I was hoping we could start with your views on the global economy into 2021. How you expect the recovery to unfold across both industries and geographies?
Stephen Schwarzman
Well, we're seeing what should be a major recovery. Let's just start
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