The Blackstone Group (NYSE: BX) has released its 2Q 2012 results. The firm had an economic net income of $212 million for the quarter, down from $804 million for the same period last year. Total AUM, however, was up at $190.3 billion, which represents a 20% year-over-year increase and a slight increase from the preceding quarter. At the end of 2Q 2012, Blackstone had $36 billion of dry powder sitting in its coffers, including $16.4 billion held by its private equity segment.
