Blackstone breaks through £1trn AUM barrier


Blackstone has become the first alternative fund manager to pass through the $1trn (£772bn) assets under management (AUM) barrier and said it still has “vast opportunity for further expansion”.

The finance giant’s latest quarterly figures show that AUM rose by 6% during the year to $1.4bn (£1.08bn) more than $1trn, as it benefited from $30.1bn (£23.3bn) of inflows in the three months to the end of June.

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