BlackRock Eyeing Man Group: Report
February 17, 2010
BlackRock isn’t satisfied with its December 2009 acquisition of Barclays Global Investors, according to a Daily Mail of London report. Now the $2.7 trillion investment giant is considering buying hedge fund manager of managers Man Group.
Analysts say Man would not only give BlackRock an additional $2 billion of assets under management but a strong distribution network.
BlackRock is known for blockbuster acquisitions, having bought Merrill Lynch Asset Managers in 2006.
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