Still, the firms aren’t giving up. Carlyle last year teamed up with TCW Group to offer three vehicles that give ordinary investors access to hedge fund-like bets. KKR, Carlyle and Blackstone have said they will keep creating products for individuals as they aim to eventually break into the market for 401(k) retirement plans.
Blackstone Mutual Fund Loses Half Its Assets As Fidelity Cuts Stake
March 25, 2016
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