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Blackstone's first-quarter profit rises but coronavirus weighs

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Home Blogs > Business
Apr 23 '20 | By oiam2companyadmin | Views: 47 | Comments: 0

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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.
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Source: https://www.reuters.com/article/us-blackstone-group-results/blackstones-first-quarter-profit-rises-but-coronavirus-weighs-idUSKCN2251WN?feedType=RSS&feedName=businessNews

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