Private Equity Firms Continue To Show Strength (FIG, BX, OZM, GLG)
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Yesterday, the Geithner's Public-Private Investment Program was revealed and the market is seeing private equity shops as the main beneficiaries of the program. PE shops will likely be active in purchasing in assets in the Treasury Investment Program, but more importantly, the program will likely help stabilize the asset prices of entities and assets that these companies already own.
We highlighted yesterday a few companies that will do well with the new Treasury program and those are again up today: Fortress Investment Group LLC (NYSE: FIG) is up 34%, The Blackstone Group (NYSE: BX) is up 14%, Och-Ziff Capital Management (NYSE: OZM) is up 5%, GLG Partners, Inc. (NYSE: GLG) is up 1%.
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