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Thursday, June 16, 2016|
Fink Says Asset Management Needs Consolidation
The chief of the world's largest asset manager thinks that the industry "needs consolidation". Yet when it comes to his own M&A plans, he seems to preclude two big areas of the world.
BlackRock has made a number of acquisitions over the years. Big ones include State Street Research & Management, Merrill Lynch Investment Management, and Barclays Global Investors (which includes iShares).
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