Thursday, January 30, 2014

Blackstone Has Record Fourth-Quarter Profit on Fund Exits - Bloomberg

Blackstone Has Record Fourth-Quarter Profit on Fund Exits - Bloomberg: "er of alternative assets such as private equity and real estate, posted a record fourth-quarter profit as the carrying value of its holdings gained and it sold assets. The shares rose the most in a year.

Economic net income, a measure of earnings excluding some costs, more than doubled to $1.54 billion, or $1.35 a share, from $670 million, or 59 cents, a year earlier, New York-"



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