Tuesday, 30 September 2014
Last updated 9 min ago
Apr 22 2010 | 10:07am ET
The Blackstone Group swung to a first-quarter profit as private equity activity picked up.
The New York-based firm took in $360.4 million over the first three months of the year. It was Blackstone’s fourth straight quarterly profit—the last time it suffered a loss was in the first quarter of last year, when it took an $82.4 million hit.
The firm’s private equity revenue more than tripled to $276.8 million on the quarter and fee-earning assets rose 6.4% to $98.1 billion from a year earlier. It’s p.e. assets were essentially flat on $25.2 billion, but fund of hedge funds assets jumped 12% to $49.1 billion.
“We are seeing concrete signs of economic improvement in our portfolio,” CEO Stephen Schwarzman said.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.