Wellington, Vanguard, Blackstone Launch Hybrid Funds for Clients
Wellington Management, Vanguard, and Blackstone launched two hybrid funds—WVB All Markets Fund and WVB Blackstone All Privates Fund—giving advisers access to diversified portfolios that blend public and private markets, with initial availability through Bank of America Merrill and Private Bank and plans to broaden to RIAs. The funds are part of a strategic alliance formed last year to simplify multi-asset solutions and expand access to private markets for high-net-worth and mass-affluent clients, including retirement-focused opportunities.
