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.

 

 

Most Read

10 Things
10 Things...to read in summer 2025

It's officially summertime, which means FBV's annual Summer Reading List is here. We curate the list each year by soliciting recommendations from our readers and friends ...

Top of the Agenda - Governance
ASA board enlarged, timeline to AGM unclear

ASA Gold and Precious Metals Ltd. shareholders voted at a special meeting last week to enlarge the closed-end fund's board and elected a fifth independent director, one ...