MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, December 6, 2007 Fink Sees Opportunity Everywhere in the Subprime Mess BlackRock's Larry Fink knows a good opportunity when he sees one. Reuters reports that in the wake of the credit market turmoil, Fink's company has been cleaning up and cashing in. BlackRock's shares have rocketed up 45 percent from a 52-week low set on August 16, in the middle of the credit crisis. BlackRock, which had very little invested in subprime holdings, seized the opportunity to step in to aid other troubled entities. Most recently it invested capital in troubled E*Trade and agreed to help the State of Florida with a troubled investment pool, all with a small fee attached. Printed from: MFWire.com/story.asp?s=16707 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |