HYBL: Rare High-Yield Fund From Blackstone, 8% Yield

Barcin/E+ via Getty Images Thesis There is always some confusion in the marketplace between BlackRock and Blackstone, so let us set the historical background here: Founded in 1985, both companies fell under an umbrella company called Blackstone Financial Management, a mergers and acquisitions company. In 1988, BlackRock separated from the parent company and focused on risk management. Today, they're now completely separate companies with different offerings. While BlackRock focuses on ETFs and tradition ...