In the Margins

Hedge fund manager Loeb likes BlackRock

July 26, 2017

By Financial News

Hedge fund manager Daniel Loeb is betting on BlackRock, referring to the firm—and parent of iShares—as an "asset gathering machine." Loeb's $16.5 billion firm Third Point Management told investors in a letter that it had taken a new equity investment in BlackRock and highlighted the strength of iShares, which took in a net $1 billion on every working day in the second quarter. Read the original story from Financial News.

 

 

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