Blackstone reports better Q2 distributable earnings beating expectation

Blackstone reports better Q2 distributable earnings beating expectation

The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid - RTSDKHE

Blackstone Group Inc (BX.N), the world’s largest manager of alternative assets such as private equity and real estate, said on Thursday its distributable earnings in the second quarter rose 1% year-on-year, more than most analysts expected.

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