Fortress hits 52 week high after Blackstone result

SAN FRANCISCO (MarketWatch) -- Fortress Investment Group shares hit their highest level since May 2009 on Thursday after strong quarterly results from rival Blackstone Group . Blackstone said economic net income was $512.7 million in the fourth quarter, up 56% from a year earlier. The firm's fee-earning assets under management hit a record $109.5 billion. Revenue in 2010 jumped 75%, partly ...

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