Subpar performance prompted investors to pull money for the 18th consecutive quarter.
CEO Laurence D. Fink said BlackRock has the potential to increase its asset base by about 5% annually by developing new ETFs and expanding its reach among individual investors.
Today's Breakfast with Benjamin features BlackRock's settlement with the N.Y. attorney general. Plus: Stock futures looking up, activist hedge funds rock, a look at 4Q earnings, the myth of cybersecurity, retirement mistakes to avoid and the upside of office relationships.
Fund comes with no sales load but 12(b)-1 fee, performance fee and expense ratio.
The BlackRock Global Long/Short Equity Fund is a computer nerd's dream and, with its ability to zig when the rest of the market zags, a potentially valuable addition to a portfolio.
Real estate investor is joining forces with Chesapeake Energy's former CEO to raise up to $2B.
The $1.7 billion American Realty Capital Healthcare Trust Inc., headed by REIT mogul Nicholas Schorsch, will list its common stock on a national stock exchange in one of the first of what one analyst expects to be up to $20 billion of liquidity events of nontraded REITs over the next two years.
Contrafund manager tops S&P 500 (and his peers) over just about every time period.
“It's a very large source of demand” from the pension funds, said Jeffrey Gundlach, chief executive officer of DoubleLine Capital LP.
Edward Jones is launching a proprietary fund. The bigger question is why?
Today: What to expect from Davos ... but remember how Davos big-thinkers whiffed last year. Also: Time to worry about deflation again, hedge funds go for the gold, a Super Bowl market indicator, and Happy MLK Day.
Fees eliminated altogether for large accounts as part of a rebranding of the funds to make them more attractive to advisers.
Elimination of the tax break is unlikely amid Washington political divide.
Central bank "wants to be out" of the bond-buying business but still won't raise rates, according to Pimco's Gross.
A complete, real-time picture of a client's assets is critical for advisers to successfully retain clients, increase assets under management and attract new clients.
Today's Breakfast with Benjamin includes: Goldman's stock market call, a closer look at Fed policy, lawyers pick apart Volcker rule, retailers and cyber security, combining IRAs, and how not to ignore your client's wife.
Breakfast with (<i>InvestmentNews</i> senior columnist Jeff) Benjamin: Going back to basics with bond funds; breaking down the jobs report; Wall Street confronts a big mortgage settlement; Chinese exports falter; the polar vortex and natural gas prices; and retailers' bad holiday season.
Breakfast with Benjamin: Did the Fed make the right move with tapering? We'll know this week. Plus: Hot stocks for cold weather, missing out on the market, consumer sentiment looks bright, office vacancy rates still hurting, and the minimum wage debate.
