Blackstone hedge fund portfolio reports 14% annualized gains

Blackstone reported $2.2 billion in inflows to its hedge fund portfolio in the second quarter, with the unit seeing net returns of 14.2% in the 12 months through June, according to the firm’s latest earnings report.

As for other alternatives programs, private equity and private credit rose significantly more, with respective gross gains of 52% and 29% for the year ending June 30. In the case of private equity, the reported gains included fund appreciation, which was significant.

“Blackstone again reported outstanding results in the second quarter, including our best-ever quarter . . .

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