Blackstone Stock Hits Record High as Assets Under Management Jump

Key TakeawaysBlackstone's profit for the third quarter soared and revenue rose as the firm brought in more investment money.The firm's assets under management (AUM) were up 9.9% from a year ago, and its total inflows were $40.5 billion for the quarter.The news sent shares of Blackstone to an all-time high in intraday trading Thursday. Blackstone (BX) shares soared to a record high Thursday after the world's largest alternative asset manager reported its profit skyrocketed as a result of bringing in more inv ...