(Boston Globe) From the moment Laurence D. Fink, the chief executive of BlackRock, created the largest fund company in the world by snapping up the exchange-traded fund business from Barclays in 2009, he has faced a thorny challenge. The explosive growth of these low cost, computer-driven funds has been leaving in the dust his firm’s old school stock-pickers, and investors have been fleeing in droves….
At Blackrock, Machines Are Rising Over Managers to Pick Stocks
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