Hanno Lustig: Blackstone introduces new private-market funds with Vanguard partnership

Hanno Lustig: Blackstone introduces new private-market funds with Vanguard partnership
Blackstone and Vanguard unveil partnership

Hanno Lustig highlights that Blackstone is launching new private-market funds in collaboration with Vanguard.

Lustig describes the move as a head-scratcher, suggesting some surprise or uncertainty regarding the partnership.

Lustig has previously commented on central banks' role in absorbing government debt since 2011. He has also questioned whether central bankers may be overestimating the effect of real interest rates on aggregate demand in recent analyses. His latest remarks on the Blackstone-Vanguard partnership follow a series of observations on monetary policy and market interventions.

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