Blackstone Posts Loss as Market Turmoil Hits Private-Equity Portfolio

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Blackstone posted a loss in the second quarter as the broader market tumbled and the value of its private-equity portfolio fell.

The New York firm reported a net loss of $29.4 million, or 4 cents a share, compared with a profit of $1.31 billion, or $1.82, during the same period last year.

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