Blackstone searches for normal

[Joelle]

Blackstone searches for normal
      

Struggling to make sense of Blackstone’s earnings?
COO Tony James spent a good chunk of the conference call going through in meticulous detail how much “economic net income” per Blackstone share would be produced from the company’s five sources of earnings in a normal cycle. The problem is, as he points out, Blackstone hasn’t seen much [...]
         

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