Blackstone, Fidelity offer retail investors hedge fund exposure

08/13/2013 | Reuters · Bloomberg · InvestmentNews (free registration)

Fidelity Investments has formed a partnership with The Blackstone Group to give individual investors access to hedge fund strategies. Fidelity's Portfolio Advisory Service, the biggest mutual fund advisory wrap program in the managed-account industry, is putting clients' funds into the Blackstone Alternative Multi-Manager Fund, which is advised by almost a dozen hedge funds.

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Reuters · Bloomberg · InvestmentNews (free registration)

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