In this discussion, Eric Gerster, CFA, chief investment strategist at AlphaCore, introduces David Stubbs, managing director and senior investment strategist at Blackstone. David holds a Ph.D. in economics and previously worked for the U.K. government and the United Nations. They discuss Blackstone’s position as the world’s largest alternative investment manager, with a strong presence in private equity, private credit and real estate. David emphasizes the benefits of Blackstone’s scale, which allows them to engage in large and complex transactions.
He highlights the shift in the investment landscape, moving away from traditional 60/40 portfolios and toward alternative strategies, such as private credit and real estate, which offer higher yields and diversification. He also discusses Blackstone’s ability to identify emerging trends, like data centers and the growth of AI, and how to invest in them. Finally, he touches on how Blackstone’s involvement in both private credit and private equity can sometimes be seen as a conflict but can also create advantages due to its size and expertise.