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.
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