Blackstone third-quarter earnings drop less than expected

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Blackstone Group Inc , the world's largest manager of alternative assets su...

FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange April 4, 2016. REUTERS/Brendan McDermid

Blackstone reported a drop in proceeds from asset sales in its private equity business, offset partly by a rise in distributable earnings in its real estate, corporate credit and hedge funds divisions. The New York-based buyout firm said income per share on a diluted basis rose to $1.15, based on generally accepted accounting principles , up 80% from a year ago.

Blackstone said its private equity portfolio appreciated 2.6% in the third quarter. Opportunistic and core real estate funds rose by 3.8% and 2.3% respectively.

 

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As they should along with the others travelling to a country that authorized the murder of a journalist.

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