Blackstone Spurns SEC
Blackstone (NYSE: BX) is defying the SEC by refusing to provide return information for its funds in public filings with the SEC, according to a Bloomberg article.
We are surprised Blackstone hasn't had to provide this information ever since it went public. After all, fund performance is a large determinant of anticipated capital inflows/outflows. Even more surprising is Blackstone's gall to refuse this request now. Why did they become a public company if they evidently had little intention of behaving like a public company? Did they simply sense an opportune time to cash in at the top? And would Blackstone be refusing the SEC's request if its recent performance was something to advertise?