Blackstone Group Inc.’s second-quarter results rebounded as the surging stock market lifted the value of the private-equity giant’s portfolio.
The New York firm swung to a profit after posting a steep loss in the first quarter as the S&P 500 recorded its biggest percentage gain in more than two decades and finished up 20% in the period. The value of its private-equity portfolio climbed by 12.8% compared with a 21.6% decline in the first quarter.
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Wow, that’s really surprising.
No shìt Sherlock. This was the whole point of pumping trillions in stimulus into the market. To elevate equity (executive compensation) and maintain hedge fund & investment bank liquidity. Everyone else gets a slice of cake. “Capitalism” LOL!
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: