BUSINESS
04/30/2009 05:12 am ET Updated May 25, 2011

Blackstone's Secrecy: Rejects SEC Request for Fund Data

March 30 (Bloomberg) -- Blackstone Group LP, the world's largest private-equity firm, rebuffed a request from securities regulators to publicly disclose the performance of its buyout and hedge funds while Fortress Investment Group LLC agreed.

The U.S. Securities and Exchange Commission asked both New York-based companies to include fund returns in their financial reports, according to letters the agency released earlier this month. Fortress did so in its annual report. Blackstone told the SEC it wouldn't.

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