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Stock impact report

The new way Wall Street giant Blackstone is trying to reach the investing masses [Yahoo! Finance Canada]

Blackstone Inc. (BX) 
Last blackstone inc. earnings: 4/23 06:56 am Check Earnings Report
The three money managers on Tuesday said they would jointly develop "multi-asset investment solutions" that offer individual investors exposure to both private and public markets. The hybrid public-private funds would be offered to clients via financial advisers. The group plans to release more details about those products in the coming months, according to a press release. The Wall Street Journal first reported the alliance on Tuesday. "Blackstone has been a pioneer in revolutionizing how individual investors access private markets,” Blackstone COO Jon Gray said in a release. "This initiative builds on our proven track record of making institutional-quality investing available to individuals." Blackstone reports first quarter earnings on Thursday. Its stock fell Wednesday morning. It is down 22% since the beginning of the year amid wider market turmoil. Blackstone Inc. (BX) Blackstone is far from the only asset manager that wants to get more products into the portfolios of Show less Read more
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