Wednesday 29 March 2017

BlackRock Cutting Dozens of Jobs and Fees in Stock-Picking Unit

Ed. Note: This article first appeared in Bloomberg BlackRock, after years of sluggish gains by its traditional stock pickers, is upping its bets on quants. The world’s largest money manager is firing more than 30 people in its active-equities group, including five of its 53 fundamental portfolio managers, according to a person familiar with the

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