Blackstone, Vanguard, Wellington announce strategic alliance

Wellington Management, Vanguard, and Blackstone (BX) announced a strategic alliance to transform how investors access institutional-caliber investment opportunities. The three firms will collaborate on developing simplified multi-asset investment solutions that seamlessly integrate public and private markets as well as active and index strategies. With this collaboration, the firms seek to address building fully diversified portfolios that incorporate private assets and pursue higher returns. The firms aim to develop solutions that can support financial advisors’ efforts to meet their clients’ income and growth goals.