Blackstone’s first-quarter profit rises but coronavirus weighs
Blackstone Group Inc, the
world’s largest manager of alternative assets such as private
equity and real estate, reported a 4% rise in its first-quarter
distributable earnings driven by a surge in management fees on
strong fundraising, even as its funds took a hit in the
coronavirus-induced downturn.
world’s largest manager of alternative assets such as private
equity and real estate, reported a 4% rise in its first-quarter
distributable earnings driven by a surge in management fees on
strong fundraising, even as its funds took a hit in the
coronavirus-induced downturn.
Posted by Reuters
