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Larry Fink's BlackRock is winning over investors amid dismay over the high fees and recent underperformance of active stock-picking. Yet profit margins are shrinking.
Larry Fink's BlackRock is getting all the love from investors amid dismay over the high fees and recent underperformance of rivals who specialize in active stock-picking.
New Alliance Bernstein CEO Seth Bernstein and executives of major shareholder AXA have indicated they're inclined to keep former chief Peter Kraus's strategies, despite his unceremonious dismissal.
Puerto Rico is currently in what amounts to municipal bankruptcy court.