Re: Ancestry to be Acquired by Blackstone Group for $4.7 Billion #announcements


Peter Cherna
 

"Alternate asset manager" is a broad and loose term that includes venture capitalists and private equity fund managers. Imprecisely, it means managing money in ways other than buying and selling publicly traded stocks and bonds. 

(Tiny anecdote unrelated to your question, but my own name basically translates as "Black Stone". In the early days of the internet I tried to register "blackstone.com" but "some company or other" that I'd not heard of at the time beat me to it.)

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