(Reuters) - Blackstone Group LP, the largest publicly listed alternative asset manager, reported lower fourth-quarter earnings as performance fees declined, but management fees increased as its assets grew to a record $137 billion. Since 2007, when Blackstone raised $4.7 billion in an initial public offering, it has had to serve two constituencies -- its limited partners, such as pension funds and endowments, that invest in its funds, and its public stockholders.
2 min read · 02 February 2012
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6 min read · 29 January 2012
(Reuters) - Facebook plans to file documents as early as Wednesday for a highly anticipated IPO that will value the world's largest social network at between $75 billion and $100 billion, the Wall Street Journal cited unidentified sources as saying on Friday. Morgan Stanley and Goldman Sachs are expected to lead what would be one of the largest initial public offerings in U.S. history, the Journal cited its sources as saying. Facebook was not immediately available for comment. The impending IPO -- expected to raise $10 billion -- is a prized trophy for investment banks, setting up a fierce competition on Wall Street, particularly between the presumed front-runners Morgan Stanley and Goldman Sachs.
1 min read · 27 January 2012
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6 min read · 23 January 2012
