Private equity and real estate investor Blackstone Group (BX.N) said the value of its investments increased sharply in the fourth quarter, boosting quarterly earnings and beating analysts' forecasts. Fourth quarter economic net income, or ENI, was $513 million, up from $329 million a year earlier. Adjusted ENI was 46 cents per share, up from 29 cents a year ago and 16 cents above analysts' average forecast, according to Thomson Reuters I/B/E/S.
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