Tag Archives: quarter-ended-june
Blackstone’s income falls, but beats expectations
International Herald Tribune – Blackstone Group, manager of the world’s largest leveraged-buyout fund, said Wednesday that second-quarter profit beat analysts’ estimates as gains from hedge funds offset a decline in private-equity takeovers. Net economic income, a measure that excludes some compensation […]
Aozora Net Falls 75% as Fees, Hedge Fund Returns Drop
Bloomberg – Aozora Bank Ltd., the Japanese lender controlled by U.S. buyout fund Cerberus Capital Management LP, said first-quarter profit fell 75 percent as fees declined and returns on investments in hedge funds withered. Net income dropped to 9.33 billion […]
