More on Blackstone (BX) Q1 earnings: Economic net income of $0.55, up 25% Y/Y. Fee revenue +3%...

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

More on Blackstone (BX) Q1 earnings: Economic net income of $0.55, up 25% Y/Y. Fee revenue +3% Y/Y, performance fees +57% Y/Y, investment income +62% Y/Y. Advisory fees off 12% Y/Y - slower M&A and fewer P-E fund closings. Fee-earning AUM up 9% Y/Y to $171B. Just $325M put to work in P-E in Q1. "Dry powder" of $35.8B. Shares +3% premarket. (PR)