BlackRock will lose management of $8.5B Texas fund assets
Year-to-date return for category: 5.1%
Best-performing fund: Fidelity Advisor Utilities
Year-to-date return: 9.42%
Assets: $393.1 million
Ticker: FUGIX
The Texas State Board of Education delivered the blow Tuesday.
It was just weeks ago when BlackRock Inc. CEO Larry Fink took the stage with Texas Lt. Gov. Dan Patrick at an industry event in Houston.
The chummy meeting between the Republican politician and the head of the investment behemoth — Patrick praised Fink as the “King of Wall Street” – led
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