BlackRock saw outflows of $121bn (£76bn) in 2010 on the back of its acquisition of Barclays Global Investors, but managed to increase total assets by 6%.
In its fourth quarter results released yesterday, BlackRock said it lost $38.7bn in merger-related outflows in the quarter ended 31 December and $121bn for the year. 1 December marked the one year ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
