Stephen Schwarzman’s Smart Hedge-Fund Acquisition

``Blackstone Group, which announced a loss today, could testify that at nearly any price, Goodman was a bargain. Goodman’s hedge fund, GSO Group, was acquired by Blackstone in March and is the only bright spot in otherwise lackluster quarterly earnings for Blackstone. (Blackstone lists GSO’s results in its earnings as part of “marketable alternative asset management, or MAAM.) MAAM pulled in revenue of $225 million, a 34% improvement from $169 million in revenue a year earlier.''