Blackstone Group IncGray, chairman of the group, said that the global market is quite strong and now is a good time to sell some assets.
Qiao Gray, chairman of Blackstone Group Inc Group, said his investment company, which has a market capitalization of $684 billion, has begun to sell assets to speculate.
On stabilizing assets, Gray said at the Bloomberg Global Investment Conference on Tuesday:
"Global markets are quite strong and now is a good time to sell some assets."
But Gray also made it clear that the market does not necessarily peak.
Bruce Flatt, chief executive of Brookfield Asset Management Inc, said at the meeting earlier that when the slow period between last year's epidemic had passed, now was a "very good time" to liquidate assets, and Gray resonated with this view.
Gray said:
As the Fed is planning to slow its bond-buying program, long-term interest rates are likely to rise, so holding stocks of companies with high growth potential is the best option. The last thing you want to have is a long-term fixed income, because it will be very passive, and you will have nowhere to hide in the face of inflation. "
Blackstone Group Inc Group takes grasping the changes of the global market economy as a profit-making means.The world's largest asset management group invests in areas such as entertainment, health and education.
Flette said its company had sold some of its assets in the first and second quarters and would continue to sell this year.
He added:
"We are not just selling at the moment, we are also buying a lot of other things at the same time. We haven't sold a lot of assets for about six to nine months, and infrastructure, renewable energy, private equity and real estate all have a good time. As people begin to return to work, life is gradually returning to its previous level. "