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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.
BlackRock selects VP Biden's economic and domestic policy director
trueSarah Bianchi was named a managing director in the financial markets advisory group in BlackRock Solutions.
BlackRock taps 8 to subadvise alternatives mutual fund
trueEight subadvisers have been hired to manage the yet-to-be launched BlackRock Multi-Manager Alternatives Fund, according to a filing with the SEC.
BlackRock's new China license could give its ETFs a leg up
trueBlackRock Inc.'s new license to invest directly in China's capital markets could prove a key to fending off increasingly fierce competition for the A-share exchange-traded fund business the giant New York money manager pioneered a decade ago.
BlackRock revamps managing director lineup
trueRick Arney, managing director, will move to BlackRock's multiasset strategies group in May, according to an internal memo BlackRock provided Pensions & Investments.
BlackRock appoints emerging markets debt portfolio manager, senior strategist
truePablo Goldberg was named managing director, portfolio manager and senior strategist at BlackRock.
BlackRock's AUM up 2% for quarter on $26.7 billion in net inflows
trueBlackRock's assets under management totaled $4.401 trillion as of March 31, up 2% from three months earlier and up 12% from a year ago, according to an earnings statement released Thursday.
BlackRock garners RQFII license from China's regulators
trueBlackRock announced it had gotten a renminbi qualified foreign institutional investor license from the China Securities Regulatory Commission.