Blackstone posts 1Q loss on weakening markets

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By AP
15 May 2008 @ 04:39 pm EST

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PFGC	34.0499992370605	-0.1
BX	5.56	-0.7

Blackstone announced on Tuesday that it launched a new Asia-focused hedge fund, Altius Advisors. The fund will be based in Hong Kong with offices in Tokyo, Mumbai and New York. Last year, Blackstone sold a $3 billion stake to China's sovereign wealth fund.

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Blackstone posts 1Q loss on weakening markets

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