(Bloomberg) Yes, he runs the biggest asset management firm the world has ever seen. But right now, Laurence D. Fink has a little hedge-fund problem. Fink’s BlackRock Inc., the $4.5 trillion behemoth known for its mutual funds and ETFs, threw in the towel on a macro hedge fund last month in a setback that one of the company’s executives described as a “huge disappointment.”
BlackRock’s $32 Billion Hedge-Fund Business Has A Little Problem
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