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Ouch-Ziff

10 July 2007 By Lauren Silva

So far, two alternative asset manager IPOs have hurt investors. Fortress is more than 35% off its high. Blackstone s stock is flat. At a mooted $20bn valuation, it s hard to see how investors will do much better with the secretive hedge fund s planned stock offering. So far, two alternative asset manager IPOs have hurt investors. Fortress is more than 35% off its high. Blackstone s stock is under water.

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