Latest news with #alternativeassetmanager
Yahoo
3 days ago
- Business
- Yahoo
Blackstone Inc. (BX)'s CEO Said Some Great Stuff Recently, Says Jim Cramer
We recently published . Blackstone Inc. (NYSE:BX) is one of the stocks Jim Cramer recently discussed. Blackstone Inc. (NYSE:BX) is an alternative asset manager whose shares have gained a modest 2.5% year-to-date. The stock has gained primarily due to the firm taking advantage of the growth in deal making in 2025 and making large acquisitions such as that of TXNM, an electricity provider in Mexico and Texas. Previously, Cramer has commented that he likes Blackstone, and this time, he commented on the firm's CEO commenting that he was seeing the biggest forward IPO pipeline in four years: '[On CEO saying biggest forward IPO pipeline in four years, the dealmaking pause was behind the firm] It was very good. Jonathan Gray was very good this morning. He also said great stuff about data centers.' Source:pixabay After word spread about Blackstone Inc. (NYSE:BX) acquiring TXNM, here's what Cramer said: 'We know Blackstone has a lot of data centers. We know TXNM is in the area with a lot of data centers. I still think this is motivated by the need to have cheap power. Although remember, they are not a generator. While we acknowledge the potential of BX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Bloomberg
7 days ago
- Business
- Bloomberg
Blackstone Profit Jumps 25% on Fees From Retail, Evergreen Funds
Blackstone Inc. reported a 25% jump in distributable earnings for the second quarter, buoyed by profits from its retail and evergreen funds. A private equity vehicle for wealthy investors and Blackstone's big property trust were among funds that generated a burst of incentive fees for the world's largest alternative asset manager.
Globe and Mail
14-07-2025
- Business
- Globe and Mail
Brookfield Asset Management to Host Second Quarter 2025 Results Conference Call
NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM), a leading global alternative asset manager headquartered in New York with over $1 trillion of assets under management, will host its second quarter 2025 conference call and webcast on Wednesday, August 6, 2025, at 10:00 a.m. ET. Results will be released that morning prior to 7:00 a.m. ET and will be available on our website at Participants can join by conference call or webcast: Conference Call Please pre-register by conference call: Upon registering, you will be emailed a dial-in number, and unique PIN. This process will bypass the operator and avoid the queue. Webcast Please join and register by webcast: Replay of the event is available on the above webcast link for 90 days. About Brookfield Asset Management Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield's heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles. For more information, please visit our website at or contact:
