The private-equity behemoth is starting a money-management unit.
By Miles Weiss, Bloomberg|May 10, 2013 at 09:16 AM
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Blackstone Group LP, the world’s largest private-equity firm, is taking aim at the $5.4 trillion of cash on corporate balance sheets in the U.S. and Europe as regulators weigh changes that may reduce the appeal of money-market funds.
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