Blackstone Earnings Fall as Firm Misses Asset Target

Blackstone Inc.’s net income fell during the fourth quarter, and the investing giant’s assets under management came in shy of the $1 trillion target it expected to reach in 2022 as fundraising weakened in some of its strategies aimed at individual investors.

The New York investment firm reported net income of $557.9 million, or 75 cents a share, compared with a profit of $1.4 billion, or $1.92 a share, during the same period a year earlier.

I guess ESG is not that profitable.

I guess grabbing single family homes up and then gouging renters didn’t go so well.

Good!

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When I hear Democratic Congress members talk about taxing major corporations or wealthy persons, they always seem stay away from and leave out mentioning companies like Blackstone, BlackRock and Vanguard in their political spiel.

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Blackstone's earnings fall 41% as assets sales slumpBlackstone Inc said on Thursday its fourth quarter distributable earnings fell 41% year-on-year as the world's largest manager of alternative assets cashed out fewer investments across its key portfolios. That's a shame.gif should read 'asset sales' Try biscuitstone thebiscuitproject
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