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22.12 - 03:13
Blackstone stops redemptions from real estate fund as stock slides
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fnlondon.comBlackstone shares took a big hit after the investing giant’s real-estate fund aimed at wealthy individuals said it would limit redemptions.
Blackstone Real Estate Income Trust, more commonly known as BREIT, said 1 December in a letter posted to its website that the amount of withdrawals requested in October exceeded its monthly limit of 2% of its net asset value and its quarterly threshold of 5%.
That...
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