Blackstone Group LP chief Steve Schwarzman received $374.5 million last year in pay and cash dividends, an increase of 76 percent from 2012, as the world’s biggest alternative-asset manager took advantage of rising equity markets to sell shares of companies.
Steve Schwarzman, chief executive officer of the world’s biggest alternative-asset manager, said Blackstone Group LP is benefiting from increased regulation hampering traditional lenders such as the largest banks.
Carlyle Group LP, the world’s second-largest manager of investment alternatives to stocks and bonds, said fourth-quarter profit more than tripled as the value of its fund holdings increased and the firm sold assets at a profit.
Blackstone Group LP’s Steve Schwarzman, who runs the world’s biggest manager of alternative assets such as private-equity funds and real estate, said the U.S. economy is on a “pretty good path” as the Federal Reserve gradually reduces its monetary stimulus.
One of the themes of the film “The Monuments Men,” a Columbia Pictures and Fox 2000 Pictures production, is whether saving a work of art is worth a soldier’s life. This plays out as a team of art professionals goes into Europe in the last months of World War II to locate masses of art looted under Hitler’s orders.