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Rating:Fink Yearns to Stake It All On Equities Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, June 29, 2011

Fink Yearns to Stake It All On Equities

News summary by MFWire's editors

In case there was any doubt, Larry Fink is currently a bull, whole hog. The BlackRock [see profile] CEO shared that sentiment and others today at the Monaco Fund Forum in an interview with CNBC.

"I am not afraid of treasurys but if my accountants would allow me I would be 100 percent in equities," Fink reportedly told CNBC. "Anything earning three percent or lower is the dumbest thing you can do."

Fink, who leads the largest asset manager in the world, also talked about the U.S. deficit and the European sovereign debt crises. 

Edited by: Neil Anderson, Managing Editor

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