23/10/2026 09:27

Blackstone (NYSE: BX) $US118.75

Blackstone (BX) delivered a mixed third-quarter result overnight, with distributable earnings beating expectations but softer fee-related earnings, real estate fees and deployment highlighting the impact of higher rates on transaction activity. The shares initially fell before reversing to trade up ~8% by the close, with the market ultimately focusing on strong inflows and a still-healthy medium-term outlook.

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24/07/2026 09:44

Blackstone (BX US) $US124.50

We hold Blackstone in the International Equities Portfolio, and they delivered a strong 2Q result overnight, with earnings, inflows and realisations all comfortably ahead of expectations. The stock has been weak leading into this result, and while it saw only a modest gain (+1.4%), the underlying fundamentals remain supportive. 

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24/04/2026 09:46

Blackstone (NYSE:BX) $US122.33

Blackstone traded lower overnight (-5.7%) despite delivering a broadly strong March quarter, with the market choosing to focus on softer real estate assets under management and ongoing noise around private credit rather than the bigger picture.

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18/03/2026 09:37

Where is weakness creating opportunity in the MM International Equities Portfolio?

The International Equities Strategy had a tough February, falling -8.67%, underperforming the MSCI World by -7.69%. No dressing that up - it was a poor month. Weakness has continued, with the portfolio down ~4.5% in March to date. A meaningful pullback, but within our levels of tolerance for a high conviction, growth-focused portfolio (and within historical ranges we’ve experienced in the past).

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25/02/2026 09:36

Blackstone (BX US) $US116.41

Blackstone has been caught up in the latest sell-off across alternative managers as markets zero in on private credit’s exposure to software, and the growing concern that AI could compress SaaS moats, pressure cashflows and ultimately lift default risk. This isn’t about a single credit event - it’s about a broader repricing of risk. If software valuations and confidence fall, lenders tighten, refinancing windows narrow, and mark-to-market pain starts to surface across private credit vehicles.

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30/01/2026 17:18

Blackstone (BX US) $US142.94

Blackstone reported a good quarterly overnight, with earnings and activity accelerating as lower rates and improved financing conditions reignited dealmaking. Management described the environment as reaching “escape velocity” - language we haven’t heard since pre-COVID. After two years of subdued exits and cautious capital deployment, Blackstone is once again doing what it does best: realising assets, recycling capital, and raising fresh money at scale. 

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24/10/2025 09:30

Blackstone (BX US) $US154.98

Blackstone shares fell 5.2% overnight despite delivering a strong headline profit. While earnings were better (EPS of $US1.52 vs $US1.22 expected), driven by strong growth in Assets Under Management (AUM), the market seemed to latch onto lighter-than-expected fundraising and a slower pace of capital deployment across its flagship private equity and real estate segments.

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19/03/2025 09:31

Blackstone (BX US) $US146.19

Blackstone is one of the world’s largest alternative investment firms, specialising in private equity, real estate, hedge funds, and credit. As of the end of December 24, they managed a staggering $US1.13 trillion, which was up nearly 10% from the year prior.

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31/01/2025 09:59

Blackstone (BX US) $US177.78

Q4 results out for the world’s largest alternative asset management company in the US overnight that were solid at the top line, though some weakness in Real-Estate saw the stock pullback;

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18/10/2024 09:46

Blackstone (BX US) $169.73

A very good quarterly update from the world’s largest alternative asset manager overnight, reporting strong fund performance and flows. Assets under management (AUM) of $US1.11 trillion was up +10% YoY and mildly ahead of expectations, split fairly evenly across three key areas of Real-Estate ($325bn), Private Equity ($345bn) and Credit & Insurance ($355bn), though the growth rates in each of these areas were very different. Real-Estate AUM fell 1.9% YoY while Credit & Insurance increased by 22%.

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