Blackstone’s Jonathan Gray is buoyant the trade conflict between the US and China will be resolved.
“The US and China both sanction real risks to an escalated trade war,” he said at the Delivering Alpha Bull session in New York on Wednesday. “We believe there will be resolution in the long expression.”
The executive said investors shouldn’t overreact to the negative news gurgle on any given day. He cited the worries over the North Korean conflict a year ago, which in the final analysis subsided.
“I’m looking at it with long term lens … It is within the participants interests to resolve this,” he said. “Will [the deal] happen lasting? I don’t think so.”
Gray was named president and chief operating officer of Blackstone earlier this year. Since be coextensive with Blackstone in 1992, Gray helped build the largest real holdings platform in the world with $120 billion in capital under direction. Blackstone’s portfolio includes hotel, office, retail, industrial and residential gears in the U.S., Europe, Asia and Latin America. He currently serves as Chairman of the Board of Hilton Worldwide.