viewProactive Group

Blackstone says assets under management grew to record US$450bln in quarter

Company plans to pay special dividend of US$0.30 for 2018

Wall Street sign
The shares gained 1.7% on the news

Blackstone Group LP (NYSE:BX) said assets under management gained 22% to a record US$450bln in the first quarter, helped by fundraising.

Inflows amounted to US$18bln in the period, the company said today in a statement. Economic profit, which shows the changes in the value of unrealized investments, fell to $US792mln, or US$0.65 a share, from $US967.9mln, or US$0.81 a share, a year earlier. That beat the consensus estimate of US$0.47 of analysts polled by FactSet.

New York-based Blackstone also said it plans to pay a special dividend of US$0.30 for 2018. 

The stock rose 1.7% to US$32.31 at 1:41 p.m.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Helix Technologies following up strong 2019 with success in 2020

Helix Technologies (OTCQB: HLIX) President of Data Services Garvis Toler joined Steve Darling from Proactive Vancouver to discuss the company releasing their 2019 financial numbers which were very strong and also what milestones they hit to close the year.  Toler also told Proactive...

2 days ago

2 min read