BlackRock bets on its huge data to revive equity funds
It aims to enable its stock-pickers to see opportunities before rivals
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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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