Hedge Funds May Lose 25% of Assets, Blackstone Says

The $2.9 trillion hedge-fund industry may lose about a quarter of its value in the next year as performance slumps, said Tony James, Blackstone Group LP’s billionaire president. Bloomberg's Scott Deveau speaks with Bloomberg TV Canada's Pamela Ritchie. (Source: Bloomberg)

Full Show: Surveillance (08/15)
36:58 - Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include Richard Lacaille, chief investment officer at State Street Global Advisors, Gideon Rose, editor at Foreign Affairs Magazine, and Norman Lamont, U.K. Trade Envoy to Iran and former Chancellor of the Exchequer. (Source: Bloomberg)
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