The net profit of “Blackstone Group” LP’s increased more than three times in the first quarter. The New York firm watched its durability in all the four sections and said: “its competitive position has never been stronger. Although the stock rallied slightly, it remains below it debut price.

The president of ‘Blackstone group’ Hamilton James warned investors: “there likely would be fewer new megabuyouts—and therefore, fewer fees—as well as fewer sales until the debt markets come back.”