More on Blackstone (BX): Just a bit of improvement in markets/economies shows the power of the...

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

More on Blackstone (BX): Just a bit of improvement in markets/economies shows the power of the company's business model: Fee revenues +13% Y/Y. Performance fees swing to a gain of $603M from a loss of $457M a year ago. Investment income swings to a a gain of $107M from a loss of $134M a year ago. This leads to Economic Net Income (ENI) of $622M vs. a loss of $234M a year ago. AUM +30% Y/Y to $205B. Shares +2.7% premarket. (full presentation)