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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...