Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:BlackRock: An Adolescent In An Industry of 55-Year-Old White Males Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, February 22, 2016

BlackRock: An Adolescent In An Industry of 55-Year-Old White Males

News summary by MFWire's editors

"BlackRock is one of a kind but is still working on being the best of all kinds of money managers."

Laurence D. Fink
BlackRock
Chairman, Chief Executive Officer
So argues Dan Culloton, Morningstar's associate director of active strategies, in a column analyzing the corporate culture of BlackRock [profile], the world's largest asset manager.

M* points out the publicly-traded giant's relative youth:

"More than half of its employees have joined the company since 2008, just before its last transformational merger," Culloton writes. "As one former executive said, BlackRock is an adolescent in an industry of 55-year-old white males. That infuses it with energy and ideas, but that also means it is still developing."

The piece highlights possible strengths and weaknesses at BlackRock, such as consistent leadership (Larry Fink and Rob Kapito), its "operational prowess" (especially in integrating giant acquisitions like MLIM and BGI), and Fink's use of his bully pulpit. Yet M* also highlights pains and concerns that have come with BlackRock's dramatic growth, pains and concerns that can serve as reminders or as words of caution for other fundsters: manager retention, spotty performance, and earnings pressure.

Robert Kapito
BlackRock
President, Director
BlackRock watchers, fundsters with a yearning to take their firms public, and acquisitive executives should read the full piece. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use