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BlackRock's Fink says pension funds should invest more in stocks
trueBlackRock CEO Laurence D. Fink, who last year said he would invest 100% of his personal wealth in equities, said pension funds won't meet their liabilities unless they put more money in stocks.
Equities enjoy big rally with few shocks in 2013 but drama ahead
trueIt's been a wonderful year to be a stock investor. Not only is 2013 shaping up to deliver the best returns of the past 10 years, it's also offered one of the smoothest rides.
BlackRock sees no repeat of Asia bond-market rout on Fed taper
trueAsian bond markets are unlikely to see a repeat of the rout in the middle of the year when the Federal Reserve eventually tapers stimulus.
Fink sees equities delivering 7% as Dalio expects 4% returns
trueBlackRock Chairman and CEO Laurence D. Fink said stocks might decline as much as 15% because of political risks in China, Japan, France and the U.S., while he remains bullish in the long term.
Fed shouldn't tie tapering of quantitative easing to unemployment rates, BlackRock exec says
trueThe Federal Reserve's large-scale asset purchases are not the solution to lowering unemployment and will have a limited impact in the future, said Rick Rieder, managing director, chief investment officer of fundamental fixed-income portfolios at BlackRock Inc.
BlackRock's Fink says there are 'bubble-like markets again'
trueBlackRock CEO Laurence D. Fink, whose company is the world's largest money manager with $4.1 trillion in assets, said Federal Reserve policy is contributing to “bubble-like markets.”
Markets give managers nice boost in quarter
truePublicly traded money managers saw modest gains in assets under management for the quarter ended Sept. 30, helped generally by rising equity markets.
BlackRock AUM tops $4 trillion mark in 3rd quarter
trueBlackRock's assets under management totaled $4.096 trillion as of Sept. 30, up 6% from three months earlier and 12% higher than a year ago, on the strength of long-term net inflows, the money manager announced Wednesday.
Shutdown foils asset owners and managers
trueThe political paralysis in Washington that shut down the federal government Oct. 1 and is bringing the U.S. within days of breaching its debt ceiling is taking a toll on institutional investors, from spiking short-term borrowing costs and market uncertainty to general frustration.
Harris Corp. adds BlackRock fund to 401(k) lineup
trueHarris Corp., Melbourne, Fla., added BlackRock's Strategic Completion Fund as an investment option in its $3.2 billion 401(k) plan, confirmed Patrick Baumann, assistant treasurer.
Houston Municipal Employees goes with BlackRock for minimum volatility fund
trueHouston Municipal Employees Pension System hired BlackRock to run $180 million in an MSCI ACWI Minimum Volatility index fund.
Blacktone's Schwarzman regrets selling BlackRock in 1994
trueSteve Schwarzman said his decision 19 years ago to sell what would become the world's largest money manager was a “heroic” mistake.
Federal Retirement Thrift Investment Board rehires BlackRock for I Fund
trueFederal Retirement Thrift Investment Board, Washington, rehired hired BlackRock to manage its $28.6 billion International Stock Index Investment Fund.
Managers see deeper emerging-market bond rout on rising rates
trueWall Street’s biggest firms are predicting intensifying bond losses in emerging markets, where borrowing costs already have soared to the highest in more than four years vs. U.S. corporate debt, as the Federal Reserve considers curtailing record stimulus.
BlackRock gets dismissal of securities-lending suit
trueA federal court judge in Tennessee on Wednesday dismissed a lawsuit filed by two union pension funds over excessive fees they claimed BlackRock charged for securities lending linked to the money manager's iShares unit.