Blackstone, Fidelity offer hedge fund taste to retail crowd

Wochit 0:49 mins

Blackstone Group LP, one of the world's biggest hedge fund investors, said Fidelity Investments is a strategic partner in giving retail investors a taste of the normally exclusive world of hedge fund investing. While a lot of attention has been focused on fees the airlines are piling on to basic fares, the hotel business has also been steadily gaining revenue from adding charges to the basic room rate. Fees are being added at some hotels for early checkout, receiving faxes and overnight packages, automatic gratuities and even things like minibar restocking, availability of in-room safes and mandatory valet parking.

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