Net income of Blackstone rose 17% in the third quarter

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The world's largest management company in the field of alternative investments, the Blackstone Group, following the results of the third quarter, reported an increase in net profit by 17% in annual terms to $442,700. This was facilitated by the increase in direct investment of the company in the corporate sector due to the rise of the stock market. The corporate investment portfolio increased in value terms by 7.5%. The company increased its assets under its management by 18% to 456 billion 690 million dollars. Dividends for the quarter will increase to 64 cents per share from 44 cents per share for the same period last year.

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