Blackstone Tries to Assuage NYC Pensions After Wien's Comments

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US - Blackstone Group LP, the world's biggest private-equity firm, is trying to mend relations with New York City's public pension funds after strategist Byron Wien said retiree benefits were "too generous."

Blackstone President Tony James met on May 25 with representatives from one of the five plans that have US$750m committed to the firm, then sent a letter aimed at clarifying Wien's comments to the ...

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