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 |
|
Wednesday, November 24, 2010 BlackRock Sells Slim Stake to $64B Man Larry Fink just brought the richest man in the world into the BlackRock [see profile] fold as a shareholder. The Financial Times' Henny Sender reports that Carlos Slim now controls about two percent of BlackRock's comment stock in the wake of Bank of America's and PNC's sales of shares earlier this month. Yet Bloomberg's Crayton Harrison claims that Slim's stake is under two percent. According to the FT, Norges Bank (which controls Norway's sovereign wealth fund) also bought in during that share sale. Slim, who controls Mexico City-based cell phone giant America Movil and the bank Grupo Financiero Inbursa SAB, is worth about $64 billion, according to Bloomberg. Barron's, DailyFinance, Forbes, InvestmentNews and TheStreet all covered the story. Printed from: MFWire.com/story.asp?s=35223 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |