By Isla Binnie

NEW YORK (Reuters) -Leading asset manager Blackstone has launched a unit to channel more retirement funds globally into private market investments, a potentially multi-trillion-dollar opportunity in the United States alone, it said on Wednesday.

The sector’s ambitions to tap those savings received a boost in August when U.S. President Trump signed an executive order directing the Labor Secretary and Securities and Exchange Commission to make it easier for everyday savers to invest in alternative assets through popular 401(k) plans.

Alternative assets include private equity, private credit, cryptocurrency and real estate.

The new unit will focus on forming partnerships and creating products for defined contribution plans, Blackstone said in a statement. These are plans em

See Full Page