Blackstone earnings sink 42 percent on lower fees; managed assets hit record

January 31, 2019 admin Business News Comments Off on Blackstone earnings sink 42 percent on lower fees; managed assets hit record

Blackstone Group LP, the world’s largest manager of alternative assets, said on Thursday fourth-quarter earnings slumped 42 percent from a year earlier to $722 million, hurt by lower performance fees.

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Source:: Reuters – Business News