Schwarzman Preparing Mutual Fund in Retail Drive
June 12 (Bloomberg) -- Blackstone Group’s Stephen Schwarzman said his firm is planning a mutual fund-type offering as the world’s biggest alternative-asset manager joins firms from Carlyle Group to KKR in efforts to attract individual investors. Bloomberg's Jason Kelly speaks with Deirdre Bolton on Bloomberg Television's "Money Moves." (Source: Bloomberg)
Most Recent Videos
G-20 Signal Globalization Anxiety
03:29 - Finance chiefs from the world’s biggest economies signaled escalating concern about a wave of anti-globalization sentiment that threatens core principles long embraced by the group. Meeting in China one month after a shock decision by U.K voters to exit the European Union, finance ministers and central bankers from the Group of 20 put a stepped-up emphasis on fiscal and structural policies to boost growth, and renewed a pledge to promote inclusiveness. Treasury Secretary Jacob J. Lew, whose own country has seen millions of people embrace the protectionist calls of Republican presidential nominee Donald Trump, said Brexit had escalated the importance of inclusive economic expansion. Coutts & Co Chief Investment Officer Alan Higgins discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."