Blackstone’s net income fell during the fourth quarter, and the investing firm’s assets under management came in shy of its $1 trillion target
Blackstone Inc.’s net income fell during the fourth quarter, and the investing giant’s assets under management came in shy of the $1 trillion target it expected to reach in 2022 as fundraising weakened in some of its strategies aimed at individual investors.
The New York investment firm reported net income of $557.9 million, or 75 cents a share, compared with a profit of $1.4 billion, or $1.92 a share, during the same period a year earlier.
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