AI investment gains help drive Blackstone assets to $1.35tn
Blackstone’s assets under management climbed to $1.35tn in the second quarter as strong fundraising and gains from artificial intelligence-related investments helped the alternative asset manager outperform earnings expectations, according to a report by Reuters. Distributable earnings rose 26% year-on-year on a per-share basis to $1.52, beating the $1.35 consensus estimate compiled by LSEG. The results…