NEW YORK—Blackstone Group, the world’s largest manager of alternative assets such as private equity and real estate, said on April 18 that it would convert from a partnership to a corporation, in a bid to get more investors into its stock.
Blackstone is hoping the move, which will take effect July 1, will boost its share price, which has traded at a discount to traditional asset managers such as BlackRock Inc for more than a decade.
