Blackstone Group Looks Best Poised in Alternatives Amid Rising Rates

William R Katz, Neil Stratton and Steven J Fullerton of Citigroup Inc. (NYSE:C) continue to see further evidence that Alternatives are diversifying their businesses, deploying dry powder despite upward moves in rates & markets and perhaps most importantly, actively monetizing investments, helping to drive distributions. In turn, investor uneasiness that higher rates will truncate the ability of managers to either make new investments or exit existing ones seems unfounded, in their view, and Blackstone Group is among the most likely to benefit. Citigroup: 2Q turning out to be a catalyst for alternatives 2Q ENI (Economic Net Income) results could be a catalyst for the Alternatives to recover from oversold levels, particularly…