Rushing for the Exits: When Alternatives “Break”!
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By Kelvin Lee, Alonso Munoz Earlier this month, Blackstone Inc. restricted withdrawals from its private real estate income trust “BREIT”. The curbs came due to a surge in redemptions that hit the fund’s quarterly 5% withdrawal limit. Now, BRIET investors who want all their money back, can’t, and, arguably worse, investors now know that BREIT […]