This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
On an equivalent day count basis, our annualized effective fee rate was 0.2 Performancefees of 118 million increased from a year ago, primarily reflecting higher revenue from illiquid alternatives. 1 thing they're looking for as a selected manager is proprietary differentiated dealflow.
billion declined 2% from 2022, while earnings per share of $37.77 billion was 7% higher year over year, driven by the impact of higher markets on average AUM and higher performancefees. increased by 40 basis points year on year as we continue to drive operating leverage and profitable growth after the market shock of 2022.
We expect these private market assets to positively impact BlackRock's overall effective fee rate by 0.5 Performancefees of $388 million increased significantly from a year ago, primarily reflecting strong alpha generation over the last 12 months from a hedge fund with an annual lock in the third quarter. to 1 full basis point.
One of the advantages of Blackstone is just our scale and the amount of dealflow we see across all these different areas. What needs to happen here for returns to recover and accrued performancefees to build into what I think are big crystallizations anticipated for next year? So to me, it's a matter of time.
RITHOLTZ: I forgot to mention, you have received the Chevalier dans l’Ordre de la Légion d’Honneur by the president of the French Republic in January 2022. MATHIEU CHABRAN, CO-FOUNDER, TIKEHAU CAPITAL: Thank you, Barry. We’ll circle back to that at some other point. And I think this is where the industry should be heading.
Most major equity indices rebounded from significant declines in 2022 but with wide intrayear swings driven by historic movements in treasury yields, economic uncertainty, and geopolitical instability. Against this backdrop, Blackstone generated steady fee-related earnings of $4.3 BCRED had its best month since May 2022, raising $1.1
Even through this period, Blackstone real estate has delivered differentiated performance. BREIT, for example, has generated a cumulative return of 10% net in its largest share class since the beginning of 2022 and 10%-plus net returns annually since inception, seven and a half years ago, more than double the return of the public REIT market.
And as BIP has continued to scale, it has in turn enhanced the firm's intellectual capital, relationships, and dealflow, supporting our growth in other areas, including our $90 billion infrastructure and asset-based credit platform, our infrastructure Secondaries business and our dedicated energy and energy transition focused funds.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content