{"id":7049,"date":"2008-01-25T00:00:00","date_gmt":"2008-01-25T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"blackrock-buying-stake-in-merrills-india-fund-firm","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2008\/blackrock-buying-stake-in-merrills-india-fund-firm.html","title":{"rendered":"BlackRock buying stake in Merrill\\&#8217;s India fund firm"},"content":{"rendered":"<p>Hindu Business Line- BlackRock Inc, the largest publicly traded U.S. asset manager, will buy a 40 per cent stake in DSP Merrill Lynch Fund Managers Ltd, Mr Laurence Fink, Chairman and Chief Executive said in a statement on Friday. <\/p>\n<p>BlackRock, in which Merrill Lynch &amp; Co holds a stake of about 49 per cent, acquired Merrill Lynch&#8217;s funds unit in the United States for $9.5 billion in 2006, the biggest purchase yet in the world&#8217;s largest fund industry. <\/p>\n<p>Last year, it bought the fund of funds business of Quellos Group LLC for $1.7 billion.<\/p>\n<p><a href=\"http:\/\/news.google.com\/news\/url?sa=T&#038;ct=us\/4-0&#038;fd=R&#038;url=http:\/\/www.thehindubusinessline.com\/blnus\/17251806.htm&#038;cid=0&#038;ei=aNSZR_HjPKiGqwOtqcycAw\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hindu Business Line- BlackRock Inc, the largest publicly traded U.S. asset manager, will buy a 40 per cent stake in DSP Merrill Lynch Fund Managers Ltd, Mr Laurence Fink, Chairman and Chief Executive said in a statement on Friday. BlackRock, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7049","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7049"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7049\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}