(Yahoo Finance) Blackstone (BX) reported a 38% fall in its hedge fund solutions segment’s total 3Q15 revenues to $98 million as compared to $158 million in 3Q14. Economic income for hedge fund solutions also fell by 52% during the third quarter mainly due to difficult global markets.
Blackstone’s hedge fund solution is composed primarily of Blackstone Alternative Asset Management, or BAAM, which was organized in 1990 and manages a broad range of commingled funds of hedge funds and customized vehicles.
