Blackstone Group LP reported an increase in third-quarter profit as continuing market strength buoyed the value of its investments. Net income climbed to $442.7 million, or 64 cents a share, from $377.9 million, or 55 cents a share, a year earlier. The value of Blackstone’s private-equity portfolio rose 7.5%, a slowdown from the 9.5% growth...

Source: Wall Street Journal October 18, 2018 12:15 UTC