Blackstone has spent a significant amount of time and effort searching for the right manager to spearhead our effort into the long/short equity space.

So you need to be careful and have very good operating plans for the companies that you buy.

When you buy a company sometimes there are some short-term cuts, but basically we make money when companies grow fast...so our interests are linked with the number of people working for us.

Our intention is to support the company and its management in executing a strategy of long-term value creation for all stakeholders in a collaborative environment.