Blackstone, the world’s largest alternatives asset manager, hit a new milestone in July when it reported in its second-quarter results that it had hit $1 trillion in assets under management. The firm’s net income rose to $601.3 million in the same quarter.
Chairman and chief executive Stephen Schwarzman said: “This milestone reflects the extraordinary trust we have developed in our investors – built through performance – as well as our distinctive position as innovator.
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