Will Blackstone (BX) Continue to Create Shareholder Value?

Aristotle Capital Management, LLC, an investment management company, released its “Value Equity Strategy” third quarter 2024 investor letter. A copy of the letter can be downloaded here. The U.S. share market reached record highs in the quarter, with the S&P 500 Index rising 5.89%. The market showed wider gains, unlike the previous quarter, with the S&P 500 Equal Weight Index beating the cap-weighted S&P 500 Index by 3.71%. The composite returned 6.47% gross of fees (6.39% net of fees) in the third quarter underperforming the 9.43% return of the Russell 1000 Value Index and...