Blackstone Group Builds Portfolio For Yield Hungry Investors
High yield junk-debt funds are a growing business at the moment, and one of the biggest beneficiaries is The Blackstone Group L.P. (NYSE:BX) according to an article in Businessweek. The funds, non-traded business-development companies, which were invented just four years ago, were sold in abundance last year, the market for them doubled from 2011 to $2.8 billion.
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