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Blackstone profits jump 36%

Assets at the New York-based alternatives firm rose to $371.1bn at the end of the second quarter — up 4% on a year earlier

Blackstone profits jump 36%

Blackstone’s second-quarter profit rose as its private equity and real estate holdings appreciated, The Wall Street Journal reports.

For the period ended June 30, the New York-based private equity firm’s earnings rose to $342.8m, or 51 cents a share, from $198.6m, or 30 cents a share, a year earlier.

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