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 |
|
Tuesday, June 11, 2013 Fink Admits to BlackRock's Problems in Active Equity BlackRock's active equity business is a work in progress, Blackrock CEO Laurence Fink admitted to analysts at Bernstein Research. Fink said it was "clear" the active equity business wasn't doing well, Citywire reports. BlackRock has seen $20.5 billion in net outflows from its active equity portfolios in the 12-month period, MFWire reported. The CEO also noted that BlackRock has replaced 80 percent of the leadership of active equity management teams over the past two years. Fink worries that BlackRock could face risks in that area: Analysts attending the talk said that Fink " noted that one of the biggest risks for BlackRock is that there could be a rotation back into active equities before the three-year track records are in place for products that have undergone a management change." Printed from: MFWire.com/story.asp?s=44213 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |