BlackRock’s Fink calls market drop ‘old-fashioned correction’
CEO says long-term investors staying the course, blames hedge funds for volatility.
BlackRock Inc. (BLK) Chief Executive Officer Laurence D. Fink, whose firm oversees $4.3 trillion in assets, said the recent market decline is a temporary setback as opposed to a departure from current economic growth.
“I look at this as a good old-fashioned correction,” Mr. Fink said We
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