BlackRock stakes place as fixer with Fed

BOSTON (Reuters)- Lawrence Fink is proving that he really is Wall Street’s Mr. Fix-It.

BlackRock Inc, the small bond shop Fink grew into one of America’s biggest asset managers, on Monday added another $30 billion (15 billion pounds) to the $1.4 trillion it already manages.

But this wasn’t just any mandate, investors and analysts agreed as New York-based BlackRock’s share price notched a 9 percent gain, taking it to $224.53.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Uncategorized. Bookmark the permalink.

Comments are closed.