Hedge Fund News From HedgeCo.Net

Blackstone Reports FoHF Assets at Record $67.8bn, 6% Revenue Growth

July 24, 2015 : Permanent Link

(Hedgefund Intelligence) The big news about Blackstone Group’s second quarter 2015 earnings was that profits were down 74% and total revenues down 46% from the same period a year earlier. But the story in Blackstone Alternative Asset Management’s Hedge Fund Solutions unit was very different.Total revenue for the fund of hedge fund (FoHF) unit was up 6% from the prior year at $175 million, with both management and performance fees seeing gains.

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