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Posted on: Oct. 15, 2015, 4:55 p.m.
The world’s largest alternative-asset manager reported a third-quarter loss of $416 million, or 35 cents a share, compared with a profit of $758 million, or 66 cents, a year earlier, according to a statement Thursday. The results, which fell short of the 30-cent per-share loss expected by 16 analysts in a Bloomberg survey, come six months after the New York-based company recorded its most profitable quarter ever. Private equity firms hold unlisted... Full investment news article