Bloomberg News

Blackstone Hedging 2012 Political Bets

April 13, 2012

Bloomberg's Hans Nichols reports that Tony James, the president of Blackstone Group, has agreed to hold a fundraiser for President Barack Obama’s re-election campaign. By agreeing to raise money for Obama, James has diversified the political bets for Blackstone, the world’s largest private-equity firm, for the November election. He speaks on Bloomberg Television's "Inside Track." (Source: Bloomberg)

Running Time: 03:00

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