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Blackstone reports Q3 profit rise as strong markets boost portfolio

Assets under management at the private equity firm rose to $387.4bn at the end of September

Blackstone reports Q3 profit rise as strong markets boost portfolio

Blackstone’s third-quarter profit rose as strong markets boosted the value of its portfolio and new capital flowed into its funds.

The private equity firm’s earnings climbed to $384.6m, or 56 cents a share, from $312.9m, or 47 cents a share, a year earlier, for the period ended September 30.

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