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Blackstone plans investments

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The Blackstone Group announced today that it has three new real estate deals in the works that it plans to announce over the next several days. Tony James, president and CEO at Blackstone, said that the company has ample capital to place in private equity and hedge funds, and that he thinks tempered investment is a good idea. “[This] will create a lot of credit opportunities,” James said, adding that, still, “it’s very dangerous to be exuberant early in our business.”