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BlackRock buys real estate advisory firm
Investment manager BlackRock said Tuesday that it bought Helix Financial Group LLC, a commercial real estate advisory firm, for an undisclosed amount.
Blackrock co-founder to head up Evercore
Ralph Schlosstein, the co-founder and former president of financial-services firm BlackRock, has taken on the chief executive position at Evercore Partners Inc.
BlackRock gets a lift from cost-cutting, market rally
Investment manager BlackRock Inc. said Tuesday its third-quarter profit jumped 46 percent on gains from cost-cutting and a market rally that whetted investors' appetites for higher-risk investments.
Fund firms step up hiring
As investors slowly dip their toes back into the stock market, mutual fund companies are cautiously hiring again.
BlackRock’s Fink sees M&A wave among money managers
The government's increased scrutiny of Wall Street's fiduciary obligations will prompt a wave of mergers and acquisitions in the investment management industry, according to Laurence D. Fink, chairman and CEO of BlackRock Inc.
BlackRock, Alliance Bernstein, Wellington approved for PPIP
Three more large investment firms have raised sufficient capital to participate in the joint partnership with the government to purchase toxic assets from banks.
BlackRock and Pimco CEOs preach caution to advisers
The worst of the recession may be over, but the financial system still faces risks, Mohamed El-Erian, chief executive of Pacific Investment Management Co., and Laurence Fink, chief executive at BlackRock, warned financial advisers at an industry event.
Barclays shareholders OK BGI sale to BlackRock
Barclays PLC shareholders today almost unanimously approved the sale of BGI to BlackRock, creating the world's largest money manager with about $2.7 trillion in assets under management, according to a company statement from Barclays.
BlackRock’s 2Q profit falls 20% to $218M
Investment manager BlackRock Inc. said Tuesday its second-quarter profit tumbled 20 percent, but its earnings still surpassed analysts' expectations.
BlackRock-Barclays deal is a go
BlackRock Inc. announced today it has received written notice from Barclays PLC of London that its board has accepted BlackRock’s offer to buy Barclays Global Investors, including its iShares exchange traded fund business, for $13.5 billion.
BlackRock poised to grab No. 1 spot
Make way for the 1,600-pound gorilla in the money management industry.
BlackRock to flex retail muscles after buying Barclays Global Investors
BlackRock Global Investors - scheduled to emerge in the fourth quarter from the mega-marriage of BlackRock Inc. and Barclays Global Investors - will be the world's largest money manager, with a stunning $2.7 trillion in assets under management.
Barclays shares down after sale of investment unit
Shares in Barclays PLC fell in London today following the announcement that it had sold its Global Investment unit to U.S. fund manager BlackRock Inc. for $13.5 billion.
BlackRock confirms talks with Barclays to buy BGI
BlackRock Inc. confirmed this morning that it's in talks with Barclays PLC to acquire the London-based company's $1 trillion money management unit, Barclays Global Investors.
CIO took home top 2008 payday at BlackRock
Bob Doll, Blackrock's chief investment officer for global equities, earned $26.2 million last year — the largest payout awarded to any executive at the New York-based money management firm last year.
