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BlackRock powers up a hedge fund unit
trueBlackRock Inc., the world's largest money manager, is creating a hedge fund boutique within its vast investment management empire.
ECB calls on BlackRock for design help for ABS purchase program
trueThe European Central Bank hired BlackRock Solutions to provide consulting services for its potential asset-backed securities purchase program.
BlackRock adds co-head of global equity
trueGary Clarke was named managing director, portfolio manager and co-head of the global equity team at BlackRock.
BlackRock adds iShares Canada managing director
truePat Chiefalo was named managing director and head of product for BlackRock's iShares Canada.
Lombard Odier picks former BlackRock fiduciary management exec to target U.S. pension plans
trueNancy Everett was hired at Lombard Odier Investment Managers to help build business from U.S. institutional money managers such as pension funds.
BlackRock picks co-portfolio manager for Equity Dividend Fund
trueTony DeSpirito was named managing director and co-head of the equity dividend team at BlackRock, as well as co-portfolio manager for the BlackRock Equity Dividend Fund and related portfolios.
Asset owners could account for 25% of global ETF usage within 5 years — iShares strategist
trueAsset owners could account for a quarter of exchange-traded fund usage globally in five years, a potentially giant leap from as low as 5% now, according to a senior executive with BlackRock Inc.'s iShares ETF business.
BlackRock assets rise 4% for second quarter
trueBlackRock’s assets under management totaled $4.594 trillion as of June 30, up 4% from three months earlier and up 19% from a year ago, said an earnings statement released Wednesday.
UBS taps former BlackRock GTAA managing director
truePhilip Brides was named senior portfolio manager for asset allocation and currency in the U.S. at UBS Global Asset Management.
BlackRock: Income-replacement gap narrows; more work needed
trueWorkers within 10 years of retiring are improving their efforts to reach an 80% income replacement goal at retirement, but there's still a gap between their current savings and their goals.
BlackRock raises equity allocation in target date funds
trueBlackRock Inc. announced Wednesday it would raise its equity allocation in its LifePath Index target-date funds, keeping younger investors fully invested in stocks even longer and bumping up stocks at the landing point of retirement.
Florida SBA puts $2.46 billion BlackRock bond portfolio on watch
trueFlorida State Board of Administration placed a BlackRock-managed $2.46 billion core fixed-income portfolio on watch because of the departure of a key decision-maker.
BlackRock's iShares Canada chief leaves post
trueMary Anne Wiley resigned from her position as managing director and head of the BlackRock exchange-traded funds unit iShares Canada.
Yale endowment adds $100 million to emerging markets ETF
trueYale University, New Haven, Conn., more than quadrupled its shares in a Vanguard Group emerging markets exchange-traded fund in the first quarter.
Schroders names U.K. institutional client chief
trueGeoff Cheetham was appointed head of U.K. institutional clients at Schroders.