Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:BlackRock Trims The Fat By Cutting 250 Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 24, 2013

BlackRock Trims The Fat By Cutting 250 Funds

News summary by MFWire's editors

BlackRock[profile] is cutting the fat, 250 funds to be exact, in order to focus on the most lucrative funds, Financial Times reported. The top 50 percent of BlackRock's funds account for 99 percent of fund revenues, BlackRock's deputy COO told a group at BlackRock's annual investor day last week.

This is the continuation of a trend that began last March when the fund manager cut 300 "redundancies." It has closed many of its Australian funds and plans to focus on cutting funds in Europe. BlackRock has 3,000 investment vehicles in total. To read the full story, click here

Edited by: Casey Quinlan


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use