Blackstone earnings beat consensus with $70B inflows
Blackstone’s Q2 earnings exceeded Wall Street expectations due to strong inflows of almost $70B, which boosted assets under management.
The company’s infrastructure strategy posted the best returns, up 7.2%, followed by its Absolute Return multi-asset strategy, up 5.8%.
The increase in assets under management led to higher management and advisory fees, contributing to the strong earnings performance.