Seeking Alpha Author Bram Da Haas joins Cheddar to discuss his idea of the month: U.S. private equity company Blackstone. He talks about the company's defensive investment style and its bearish approach to asset allocation.
Blackstone has a market cap of $40 billion and operates in four major sectors: private equity, real estate, hedge fund solutions, and credit. De Haas is most bullish on its private equity sector for two reasons. The first is that it can charge high fees and the second is that it can lock people into the investment for years.
De Haas also believe Blackstone's CEO, Stephen Schwarzman, has really put his all into the company. De Haas bets the exec will drive the stock price higher.