Thu, Apr 26, 2018
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 - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its