You are here

BlackRock to cut jobs, fees in revamp of unit

The company's active-equity funds have lagged behind rivals for years


BLACKROCK Inc, the world's largest asset manager, is shaking up its struggling stock-picking unit by cutting jobs, reorganising funds and lowering fees.

The revamp, which embraces quantitative strategies, moves US$8 billion of the US$201 billion run by traditional stock...

Market voices on: