Blackstone eyes Australia’s A$4.4tn super wave for private wealth growth

Blackstone is positioning Australia as one of its primary private wealth hubs in Asia Pacific, moving to capture portfolio reallocations from the country’s A$4.4 trillion superannuation system as high net worth (HNW) retirees transition from asset accumulation to income drawdown. “We see Australia emerging as another important hub for us in Asia, alongside Japan, Hong Kong and Singapore,” Ed Huang,…

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