Is Blackstone buyside?
Could you please clarify whether Blackstone is considered a buyside entity in the financial industry? It's important to understand the distinction between buyside and sellside firms, as they play different roles in the investment process. Buyside firms are typically investment managers or asset owners that make investment decisions on behalf of clients or for their own portfolios, while sellside firms are usually broker-dealers or investment banks that provide research, trading, and other services to buyside clients. Given Blackstone's history as a private equity and alternative asset manager, I'm curious to know if it's classified as a buyside firm.
Does Blackstone own PFG?
Could you please clarify for me if there is any ownership relationship between Blackstone and PFG? Are they affiliated in any way, or do they operate independently of each other? I'm interested in understanding the corporate structure and potential connections between these two entities. It would be greatly appreciated if you could provide me with some insight into this matter.