The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fink Longs for Equities Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 30, 2005

Fink Longs for Equities

by: Theresa Sim

BlackRock is still on a crusade to make a name for itself as an equity manager, reports BusinessWeek. Even with State Street Research under its belt, the bond firm is looking to boost assets and its reputation in that area, through poaching top talent from firms including MFS, Boston Partners, and Weiss, Peck & Greer LLC; as well as considering other acquisitions.

What's driving the equity move? On one hand, Fink cites investor demand, and on the other, he hypothesizes "maybe that's where my hubris lies."

Equity managers looking to sell out to BlackRock's Laurence Fink should take note that the head of the New York bond giant is no Legg Mason.

Fink tells BusinessWeek that although he often gets calls from investment bankers on deals, he "doubt[s] there is something that's going to fit our needs."

That's because any acquisition should be comfortable fitting nicely and snugly with the larger BlackRock family, unlike the Legg Mason separate manager approach.

"We have one platform and one organization," Fink told BusinessWeek.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use