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Thursday, February 3, 2011

Blackstone says portfolio value up, shares rise, (NYSE: BX)

Private equity and real estate investor Blackstone Group (BX.N) said the value of its investments increased sharply, boosting quarterly earnings. Fourth quarter economic net income, or ENI, was $513 million, up from $329 million the same period in 2009. Adjusted ENI was 46 cents per share, up from 29 cents the same period a year ago.

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