Weston Tucker | Head of Investor Relations |
Steve Schwarzman | Chairman and Chief Executive Officer |
Tony James | President and Chief Operating Officer |
Michael Chae | Chief Financial Officer |
Joan Solotar | Head of Private Wealth Solutions and External Relations |
Michael Cyprys | Morgan Stanley |
Ken Worthington | JPMorgan |
Bill Katz | Citigroup |
Craig Siegenthaler | Credit Suisse |
Alex Blostein | Goldman Sachs |
Glenn Schorr | Evercore |
Devin Ryan | JMP Securities |
Patrick Davitt | Autonomous Research |
Mike Carrier | Bank of America Merrill Lynch |
Gerald O'Hara | Jefferies |
Brian Bedell | Deutsche Bank |
Robert Lee | KBW |
Good day, ladies and gentlemen. And welcome to the Blackstone Fourth Quarter Year End 2017 Investor Call. My name is Derrick and I will be your operator for today. At this time, all participants are in listen only mode [Operator Instructions]. At this time, I would like to turn the conference over to Mr.