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(NYSE:BX) - Today’s top Percentage Mover - Real time stock alerts
Stock Alert
The Blackstone Group L.P. (NYSE:BX) climbed over 7.46% to $15.96 in morning trade on massive volume of 1.50 million shares as Blackstone Group (BX) is planning to list up to eight of its portfolio companies, according to a source who received a letter the firm sent to investors on Friday. The letter also says that Blackstone is in the process of five sales of companies it owns this year. Of these, four have already been announced and one is imminent, the source said.
Today the stock made a new 52-week high at $16.07.
The Blackstone Group L.P. is an alternative asset manager and provider of financial advisory services. It is an independent alternative asset manager with assets under management of $94.56 billion, as of December 31, 2008. Its alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles and publicly-traded, closed-end mutual funds.
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