Finance

Blackstone breaks through £1trn AUM barrier

By 2023-07-21T09:25:00

blackstone

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue