Hedge Fund Blackstone Group Earnings Jump Nearly 160%
A $300 billion hedge fund Blackstone Group announced that rose nearly 160 percent during First Quarter 2015 Results and that their economic net income.
“Blackstone
again broke all of our asset and earnings records in the first
quarter.” Stephen Schwarzman, Chairman and Chief Executive Officer,
said, “Realization activity continued to accelerate while, at the same
time, we’ve been raising and investing funds at an unprecedented rate,
creating the basis for future value.”
“Our
limited partners entrusted us with $30 billion of new capital in the
quarter and $77 billion over the last twelve months, shattering our own
record for the alternative asset management industry, and driving our
Total Assets Under Management to $310 billion, up 14% year over year.”
Source: HedgeCo.net
