Blackstone Creates Business Group to Bolster 401(k) Strategy
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) -- Blackstone Inc. is creating a new group focused on getting private equity and other higher-fee, more complex offerings into the retirement accounts of everyday investors. The move ramps up efforts by the world’s largest alternative asset manager to win over a bigger piece of the savings in Americans’ 401(k)s. Heather von Zuben, who oversaw perpetual funds for Blackstone’s c ...