BlackRock

UK/US - The UK and US defined contribution markets are swapping attitudes towards annuitisation, industry figures say.

US/UK - Curtis Arledge, former chief investment officer for BlackRock's fundamental index portfolio, will join BNY Mellon Asset Management as vice chairman and chief executive.

Curtis Arledge, former chief investment officer for BlackRock's fundamental index portfolio, will join BNY Mellon Asset Management as vice-chairman and chief executive.

GLOBAL - Low liquidity levels in the fixed income markets have led investment grade and high yield exchange traded funds to rack up higher-than-expected tracking errors and lower performance, asset manager Robeco said.

UK - BlackRock, the world's biggest asset manager, probably won't buy U.K. inflation-linked bonds at today's sale amid "confusion" about the government's planned changes to pension indexing.

GLOBAL - BlackRock has reported a US$213.3bn loss in assets under management in Q2, blaming sharp falls in equity markets and costs related to its acquisition of BGI.

JAPAN - Fund managers have seen assets under management in mandates from Japanese pension schemes jump by 20.2% in the year to March 31.

GLOBAL - BlackRock has restructured its management team creating a new head of portfolio management role, three new regional organisations and an alternatives investment group.

BlackRock has restructured its management team creating a new head of portfolio management role, three new regional organisations and an alternatives investment group.

UK - BlackRock head of European Middle East and Africa institutional business Mike O'Brien has stepped down to pursue interests outside of the fund management industry.