Blackstone's Q4 Profit Surges as Dealmaking Gathers Momentum, AUM Hits Record High
Profit Surges as Dealmaking Gathers Momentum, AUM Hits Record High (Reuters) - Blackstone trounced Wall Street estimates for fourth-quarter profit on Thursday, fueled by a pickup in dealmaking, while the assets under management at the world's largest alternative investment firm reached a record $1.