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Rating:Asset Managers are Careful Not to Ruffle Larry Fink's Feathers Too Much Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, December 27, 2010

Asset Managers are Careful Not to Ruffle Larry Fink's Feathers Too Much

Reported by Armie Margaret Lee

Pensions & Investments' Doug Appell reports that some of BlackRock's rivals are "being careful" not to hire away more than one BlackRock executive.

Firms mentioned in the article are BNY Mellon Asset Management, State Street Global Advisors, JPMorgan Asset Management and Goldman Sachs Asset Management.

The aforementioned asset managers are "firms that, after bringing in top talent from BlackRock this year, agreed not to hire away other senior professionals from the company for a period of time," Appell writes, citing market watchers.  

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