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Stock impact report

Vanguard, Blackstone, Wellington Partner on Private Assets [Yahoo! Finance]

Morningstar, Inc. (MORN) 
Company Research Source: Yahoo! Finance
The goal is to build “fully diversified portfolios that incorporate private assets and pursue higher returns,” according to a Blackstone news release The firm didn't share any information on what these solutions would be, but said that those details are expected to be announced in the coming months. News first broke that The Vanguard Group was reportedly holding talks with two of the world's biggest private equity companies about offering private assets to investors in March. Vanguard has a long history of disrupting the investing industry by providing access to investors and driving fees down—and doing so in the private marketplace is the next natural step for the company, Daniel Sotiroff, senior manager research analyst at Morningstar Research, told etf.com. “This is a big opportunity for them,” Sotiroff said. “I think it's also kind of a test.” The firm's CEO Salim Ramji joined just last year, and the industry is watching to see if Vanguard still executes in the way we exp Show less Read more
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