- Blackstone (NYSE:BX) has moved closer to its target of having $500B of assets under management after reporting a new current total sum of $279B - an increase of 21%.
- "Our potential to grow with $270B under management is as great as it was when we had $70B,” says President Tony James.
- Taking advantage of low interests rates and the rising stock market, Blackstone drew in $62.4B of capital inflows this past year. During the same period, it has returned $50B to investors in its funds as it listed companies and refinanced others.
- BX +2.6% premarket
at CNBC.com (Nov 18, 2014)