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Focus on quarterly earnings contrary to long-term value creation: BlackRock CEO

Wed, Feb 03, 2016 - 5:50 AM

New York

MOST money managers clamour for companies to provide detailed guidance on their next quarter, down to the penny - but not the world's largest investor.

Laurence D Fink, co-founder and chief executive of BlackRock, which with more than US$4.6 trillion in assets under...

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