Blackstone Set For Mutual Fund Push

Jun 12 2013 | 10:18am ET

The Blackstone Group is moving forward with plans to launch a range of mutual funds.

CEO Stephen Schwarzman told the Morgan Stanley Financials Conference that the alternative investments giant would seek to tap growing retail demand for such products with mutual funds. He said that everyday investors were beginning to gain a better understanding of alternatives, and that financial advisers are seeking greater exposure to them.

"We have one product that's going to be coming out, a mutual-fund complex," Schwarzman said. "This is getting slow and steady receptivity. This is more of an everyday-type offering."

Blackstone hedge fund chief Tom Hill said last month that the firm would launch a mutual fund this year, targeting defined-contribution pension plans.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note