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BlackRock bets on its huge data to revive equity funds

It aims to enable its stock-pickers to see opportunities before rivals
Monday, August 10, 2015 - 05:50
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MR FINK: Says BlackRock believes if it can get insight through data, it will give the world's largest asset manager a 'differentiated advantage'.

New York

BLACKROCK Inc CEO Larry Fink is betting that a trillion points of data can help revive his firm's ailing stock-picking business.

Even though BlackRock replaced many of its fundamental active equity managers over the past few years, a number of the firm's stock-picking