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Hunt For Yield Leads U.S. Mutual Fund Managers To Private Assets

FYI:
With traditional dividend-paying stocks such as utilities and telecom companies trading near record highs, U.S. mutual fund managers desperate for income are increasingly taking a new tack: going private instead.

Fund managers from firms including Fidelity and BlackRock are turning to private assets ranging from direct ownership of oil wells to music royalties, all in search of higher income.
Regards,
Ted
http://www.reuters.com/article/usa-funds-privateassets-idUSL2N1BR1BF
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