Shane Oliver, who was earlier confident in a June rate cut, is now entertaining the possibility of a further rate increase following the latest CPI data.
Highlighting a trend away from closed-ended investment vehicles, the firm has announced a formal strategic review into two of its product offerings as part of its ongoing turnaround program.
Blackstone’s chief executive and co-founder, Stephen Schwarzman, says an intricate web of variables make this election cycle particularly challenging to predict.