] CEO Larry Fink admitted
that BlackRock has a lot of work to do if its stock funds are going to perform better.
A recent report from Credit Suisse shows just how much catchup BlackRock has to do, as its stock funds are lagging behind its U.S. competitors. the WSJ
reports. Investors have pulled an estimated $7.5 billion from BlackRock funds in the past 12 months.
The amount BlackRock is earning from equities has fallen to 32% of base management fees in the first quarter of 2013 from 37% during the same quarter in 2011.
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