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March 13, 2019  

Blackstone JV Falls Short of Revenue Target

Blackstone has backed out of its joint venture with NWI Management.Blackstone teamed up with NWI in 2014 to manage and market a fund offering direct exposure to emerging-market debt investments. It was a rare instance of Blackstone, the world’s biggest fund-of-funds operator, sponsoring a single-manager fund.But now Blackstone has pulled the plug on the project, leaving NWI with sole control over the NWI Emerging Markets Total Return Fund....

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