Stephen A. Schwarzman Quotes

We are not only one of the largest investment firms but also one of the best performing.

I founded SkyBridge - an alternative investment management company focused on seeding and partnering with emerging managers and mentoring Wall Street's next generation of Wall Street's entrepreneurs - in 2005.

It's quite astonishing how much money people make in the hedge fund business and in the private equity field, and how well-off affluent families really are.

I'm delighted to be joining INVESCO, an organization that has been growing both in terms of assets under management and the breadth of investment capabilities offered. I see great potential in working with the accomplished investment centers within INVESCO and providing expertise to help develop strategic solutions for our clients.

There's more honor in investment management than in investment banking.

Pension funds, endowments, and private investors trust Mitt Romney's former company Bain Capital enough to hand it billions of dollars in assets.

I have been in Wall Street all of my life. I love it. It has been good to me. I know many wonderful, decent, honorable, ethical, hard-working people that were in Wall Street with me.

We at Fidelity view ourselves just as much a financial information processing company as an investment management firm. That may not be too newsworthy.

Wall Street, with its army of brokers, analysts, and advisers funneling trillions of dollars into mutual funds, hedge funds, and private equity funds, is an elaborate fraud.

It's the company itself, but most of these mutual fund companies, the guy who runs the company is just a fact totem and the guy who runs the money is the power. But we really don't know who they are.

Some of my best friends are Venture Capitalists, but let's face it, a hamster with Alzheimer's could make those kind of numbers. It's great work if you can get it.

Legg Mason's structure is misunderstood by the market. Legg Mason has an affiliate model. They own 100% of their affiliates, which are investment managers such as Permal, Western Asset Management, and Royce.

I started a business with two guys I played with, Ronnie Lott and Harris Barton: Champion Ventures, it's a fund of funds. We have $400 million or so under management.

I thought at the time that I wanted to go into institutional sales, selling stocks and bonds to institutions. In those days, which was the 1960s, the institutional salesman was making about $100,000 a year. I thought that was just an enormous amount of money.

Successful hedge funds will be entrepreneurial; it is the essence of the craft.

Most of the money I make now comes from investments from CrunchFund. And the vast majority of that is what's called carried interest.

Blackstone is a major client of many of the largest banks around the world.

The success story at Citadel has been written by a number of people who have backgrounds from the University of Chicago.

We know what we are. Our business is originating, distributing, and managing capital for individuals and institutions.

It's important that we educate Americans about how hedge funds and private equity play completely different roles.

It's definitely much harder to run a hedge fund today than it used to be, in my opinion. That's because there are more hedge funds to compete with.

Larry Fink, 61, tall and outgoing and passionate about his business, is the chairman, CEO, and co-founder of the largest asset-management company in the world, BlackRock.

The speed and trajectory of BlackRock's ascent have been breathtaking.

There will be trillions of dollars under Addepar. You will have tons of money and information flowing through it.

My father was an investment banker, a stock broker.