The art of moneymaking by Blackstone, BlackRock

Growth strategy: The BlackRock headquarters in New York. The company is buying Global Infrastructure Partners for US$12.5bil, a major foray into alternative investments. — Bloomberg

TWO major events are shaking up the asset management world.

Blackstone Inc raised US$1.3bil for its first retail private equity fund, targeting those who have at least US$5mil to invest.