 "Larry Fink , Starbucks, Park avenue, Stephen Schwarzman,wall street, investment, market, exchange-traded funds,Blackstone ,BlackRock")
It’s not hard to imagine. There’s Larry Fink, Starbucks coffee in hand, heading down Park Avenue. And there’s Stephen Schwarzman, his old boss, heading up.
Billionaires collide.
It’s not hard because Fink and Schwarzman — two of the most successful financial whizzes of our time — have been on a collision course for years. They work, literally and figuratively, on the opposite sides of the same street, personifying a contest that’s remaking money management.
On one side is Fink, power player in low-cost passive investments. On the other is Schwarzman, old-school dealmaker and champion of high-touch, high-fee alternative investments like private equity.
The
