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Friday, October 12, 2012

Geithner Calls a Fundster Friend

News summary by MFWire's editors

If Tim Geithner, the U.S. Treasury Secretary, needs to call a friend about the financial markets-related concerns, it would most likely be BlackRock's Larry Fink.

The The Financial Times reports that Geithner's public diary showed at least 49 conversations between the two men during an 18-month time span.

The report also notes that the Treasury secretary has called Fink more times than he has called executives from Pimco, Fidelity and AllianceBernstein. Perhaps Geithner and Fink chat so often because the fundsters oversees the largest money manager in the world with $3.6 trillion in assets. 

Edited by: HFD


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