Blackstone’s hedge fund AUM dips despite performance gains, as group-wide assets rise 8 per cent
Submitted
By Hugh Leask | 27/01/2021 - 6:30pm
Blackstone – the world’s largest alternative investment manager – has seen its group-wide assets increase by 8 per cent, though its hedge fund capital fell slightly last year, despite positive performance amid “significantly less volatility than the broader markets”.
The group, which runs a range of hedge fund, private equity, credit, real estate, and alternative products, saw its total assets under management swell to USD618.6 billion in 2020 – an 8 per cent year-on-year increase from 2019’s total of USD571.1 billion, with Q4 2020 inflows numbering USD32.3 billion.