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Schwarzman Raises Investing Hurdle

  Bankrupt Lehman Brothers Holdings Inc. and government-seized American International Group Inc. top the list of distressed sellers seeking buyers for at least $1 trillion of assets. So far, bargain hunters aren’t biting.

“We’re raising the hurdles for putting money out there because there are going to be increasingly better opportunities,” Blackstone Group LP Chief Executive Officer Stephen Schwarzman said in an interview. “You’re most aggressive when you’re coming off the bottom.”

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