In the Margins
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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