In the first quarter of 2024, Blackstone Group's $BX alternative asset management arm, BXMA, once again demonstrated its prowess within the global financial markets. Against a backdrop of heightened volatility—marked by persistent concerns over potential US tariffs, rising unemployment, and looming recession risks—BXMA outperformed the HFRX Global Hedge Fund Index $HFRO by a significant margin. This performance highlights Blackstone's status as a leading institutional manager and the world’s largest hedge fund investor by assets under management.