KM Financial Solutions | UPDATE 1-Blackstone’s first-quarter profit rises but coronavirus weighs
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UPDATE 1-Blackstone’s first-quarter profit rises but coronavirus weighs

UPDATE 1-Blackstone’s first-quarter profit rises but coronavirus weighs

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 on Thursday driven by a surge in
management fees, even as its funds took a hit in the
coronavirus-induced downturn.

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