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Actionable news in BX: THE BLACKSTONE GROUP L.P,

Crude Oil’s Slide to Weigh on U.S. Alt Managers’ Returns

The crude oil rout will likely have a negative impact on some U.S. alternative asset managers. West Texas futures slid more than 9% in the June-end quarter to around $46 and those with significant energy investments could feel that drag.

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Apollo Global Management (APO), Blackstone (BX), and Carlyle Group (CG) could report softer economic net income given their exposure, wrote Credit Suisse analyst Craig Siegenthaler in a report published today. He noted...


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