Man Group, the world's biggest publicly traded hedge fund manager, is looking blue after the departure of CEO Emmanuel "Manny" Roman to Pimco.
In his new position, Roman will replace Douglas Hodge, who presided over a tumultuous time that included the departure of Bill Gross and a plunge in assets at the firm.
Pimco's $1.5 trillion in assets under management are down 25% from a high of $2 trillion in the first quarter of 2013.
Up for vote at BlackRocks May 25 annual meeting is a proposal asking the fund manager to reconsider how it evaluates and votes on executive pay plans.
A U.S. proposal could make it harder for Wall Street banks to compete for talent against asset managers.