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.