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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

Published Sun, Aug 9, 2015 · 09:50 PM
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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 funds are underperforming. Investors have pulled US$7.5 billion from the funds over the past year, according to Morningstar.

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Big Data

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