So far in 2015, The Blackstone Group L.P. (NYSE: BX) is handily outperforming both the overall financial sector as represented by the Select Sector Financial Slct Str SPDR Fd (NYSE: XLF), and the broader market represented by the SPDR S&P 500 ETF Trust (NYSE: SPY).
On January 26, Blackstone hit a new 52-week high of $36.48 during intra-day trading.
One of the keys to Blackstone's relative outperformance appears to be that it derives a much higher percentage of its fee income from real estate assets under management (AUM).
XLF - Industry By Percentage
REITs represent just over 13 percent of the XLF, (by far the largest financial sector ETF), a much smaller percentage of total assets than the Blackstone portfolio.
Blackstone AUM - 9/30/14
Blackstone is the largest publicly traded alternative asset manager with close to $285 billion of assets under management (AUM). Notably, Blackstone has ~$80 billion of global real estate AUM, its largest business segment -- comprising over 28 percent of total AUM.
2015 YTD ...
/www.benzinga.com/news/15/01/5179637/5-charts-that-show-how-blackstones-asset-allocation-helps-ytd-outperformance alt=5 Charts That Show How Blackstone's Asset Allocation Helps YTD Outperformance>Full story available on Benzinga.com
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