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Blackstone to shut mutual fund

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Blackstone Group, the asset manager run by Stephen Schwarzman, will shutter a mutual fund that allocates money to hedge fund managers as the vehicle’s main backer, Fidelity Investments, is pulling out.

Fidelity Star Bolton To Retire After Poor China Returns

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Renowned investor, Anthony Bolton is set to retire from Fidelity next year after three decades working in the fund management industry, ending his career with what he described as "disappointing" returns for investors after his bullish views on China failed to pan out.

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Blackstone to shut mutual fund

Blackstone Group, the asset manager run by Stephen Schwarzman, will shutter a mutual fund that allocates money to hedge fund managers as the vehicle’s main backer, Fidelity Investments, is pulling out.