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Monday, November 02, 2015

Fink and Co Join an Exclusive Club

News summary by MFWire's editors

The world's largest asset manager is now also the only pure play asset manager in an exclusive club.

Larry Fink
BlackRock
Chairman, Chief Executive Officer
On Friday after the close of trading, S&P Dow Jones Indices added BlackRock [profile] to the S&P 100 index, replacing Hewlett-Packard.

FINalternatives and Seeking Alpha both picked up on the news.

The S&P 100 does include some financial services giants, like Bank of America, J.P. Morgan Chase, and Wells Fargo. Yet it appears that Larry Fink and Co will be the only pure play asset managers on the list. 

Edited by: Neil Anderson, Managing Editor


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