Revenues at alternative investments manager The Blackstone Group passed $3bn (â¬1.9bn) last year but profits fell almost 30% after a tough fourth quarter knocked its private equity business, according to its first set of annual accounts since it listed last summer.
Blackstone profits dropped 28% to $1.62bn compared to the previous year, despite a 17% rise revenues to $3.05bn, according to Generally Accepted Accounting Principles.
