Access here alternative investment news about Blackstone: Buy Rating, Despite Trading At 69 Times Trailing P/e Ratio (nyse:bx)
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Blackstone (NYSE:NYSE:BX) is the biggest alternative investments asset manager in the world. It has a market cap of around $150 billion, annual revenues of $7.7 billion, earnings of $1.3 billion, and total assets of $40 billion as of December 2023. The company offers fund solutions within a wide range of alternative investments. This includes real estate, private capital, and hedge funds solutions. The type of clients they serve encompass within institutional investors with long investment horizons such as endowments, foundations, pension funds, and sovereign wealth funds.