{"id":47547,"date":"2015-04-16T08:28:39","date_gmt":"2015-04-16T12:28:39","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=47547"},"modified":"2015-04-16T10:02:04","modified_gmt":"2015-04-16T14:02:04","slug":"blackstone-hedge-fund-reports-30-billion-in-new-capital","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2015\/blackstone-hedge-fund-reports-30-billion-in-new-capital.html","title":{"rendered":"Blackstone Hedge Fund Reports $30 Billion In New Capital"},"content":{"rendered":"

\"\"<\/a>New York (HedgeCo.Net) – Blackstone Group, a hedge fund with over $300 billion, reported today in their First Quarter 2015 Results, that their economic net income has doubled since last year, while their distributable earnings rose nearly 160%.<\/p>\n

\u201cBlackstone again broke all of our asset and earnings records in the first quarter.”\u00a0Stephen Schwarzman, Chairman and Chief Executive Officer, said, “Realization activity continued to\u00a0accelerate while, at the same time, we\u2019ve been raising and investing funds at an unprecedented rate, creating the basis for future value.”<\/p>\n

“Our limited\u00a0partners entrusted us with $30 billion of new capital in the quarter and $77 billion over the last twelve months, shattering our own record for the\u00a0alternative asset management industry, and driving our Total Assets Under Management to $310 billion, up 14% year over year.”<\/p>\n

Some of last year’s highlights:<\/strong><\/p>\n