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Brookfield Asset Management (NYSE:BAM, TSX:BAM) ("Brookfield"), together with Canada Pension Plan Investment Board ("CPP Investments"), and LXP Industrial Trust (NYSE:LXP) ("LXP" or the
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BlackRock is launching target-date mutual funds through Great Gray Trust that will allocate 5-20% of assets to private investments, offering 401(k) plan participants exposure to privately held businesses. The move aims to provide better diversification and potentially higher returns (about 50 basis points annually more than stocks) as the stock market becomes increasingly concentrated in large-cap and technology stocks.
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Jefferies analyst Jonathan Petersen downgrades LXP Industrial Tr (NYSE:LXP) from Buy to Hold and lowers the price target from $62 to $61.
LXP Industrial Trust (NYSE:LXP) reported quarterly earnings of $0.84 per share which beat the analyst consensus estimate of $0.83 by 1.2 percent. This is a 5 percent increase over earnings of $0.80 per share from the