Fri, Jan 20, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Blackstone posts 12% decline in economic net income, 25% increase in total AuM

Friday, February 03, 2012

Bailey McCann, Opalesque New York: US-based private equity firm Blackstone Group LP posted a 12% decline in fourth-quarter earnings yesterday. The firm cited declines in investment income and fees across most business lines as the reason for the drop. The group reported a net income of $1.39bn down slightly from $1.42bn in 2010. Overall revenue declined 16% in the fourth quarter to $915.1m.

The firm was able to increase performance fees and attract inflows from institutional investors. Currently, Blackstone has $166bn in AuM. Distributable Earnings were $697m for the full year 2011.

Fee-earning AuM increased 25% to a record $137bn at December 31, 2011, from $110bn at December 31, 2010, while total AuM increased 30% to $166bn at December 31, 2011.

According to the statement, Blackstone is actively raising capital for its real estate fund, and may create an additional real estate-focused fund if it raises in excess of $10bn.

For 2012, the private equity firm is focused on continuing to use its uninvested capital for new investments including some in Europe. The firm’s private equity group posted a 24.5% decline in forth quarter revenues to $190.0m.

Stephen A. Schwarzman, Chairman and CEO, said of the results, "Despite volatile markets and struggling economies, Blackstone had strong performance in 2011. We again reported net inflows in every one of our businesses with ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised