The Standard & Poor’s 500 Index will advance about 20 percent in 2014 after a sharp correction, according to Blackstone Group LP’s Byron Wien, who got the direction of equity and gold prices wrong in 2013.
The biggest retreat in the Standard & Poor’s 500 Index since August is creating a buying opportunity for investors willing to withstand declines that may reach 10 percent, according to Blackstone Group LP’s Byron Wien .
Melville “Mickey” Straus, a New York money manager with a passion for the visual and performing arts who helped lead cultural groups in Manhattan and its summer getaway, the Hamptons, for three decades, has died. He was 75.
The New York City Comptroller’s office backed out of a scheduled meeting with Blackstone Group LP and trustees for the city pension funds who want the firm to repudiate chief strategist Byron Wien ’s statement that public- employee retirement benefits are too high.