BlackRock Inc.’s Chris Leavy, who’s been charged with improving the performance of the firm’s active stock funds, is taking medical leave starting today to treat his diabetes and a related cardiovascular condition.
Bill Rubin, a senior investment analyst at BlackRock Inc. who picks financial-company stocks, didn’t mince words a year ago when he e-mailed JPMorgan Chase & Co. right after the bank disclosed a trading loss that ultimately cost more than $6.2 billion.
BlackRock Inc., the world’s largest asset manager, hired Credit Suisse Group AG’s Andy Stewart to co-head the unit that runs real estate, hedge fund and private equity fund-of-funds investments along with Matthew Botein, according to a memo sent to employees.
Lawyers representing Paul Ceglia, the western New York man who claims a 2003 contract with Facebook Inc. co-founder Mark Zuckerberg entitles him to half of Zuckerberg’s holdings, said they are quitting, less than three months after taking on the case.
Bond traders are becoming convinced Argentina will lose its case against holdout creditors in U.S. courts, dismissing the support of money managers including BlackRock Inc. that backed the nation’s claims.
BlackRock Inc., the world’s biggest money manager, is set to lose assets it oversees for the $42.9 billion Massachusetts state pension fund because of concern that the firm isn’t adequately focused on some fixed-income markets.