BlackRock: 'Never, Ever' Any Interest In Buying Man

Nov 3 2010 | 2:53am ET

Despite widespread market rumors earlier this year, the world's largest asset manager says it was never interested in acquiring the world's largest listed hedge fund manager.

BlackRock CEO Laurence Fink told France's Les Echos that a tie-up with the Man Group was never in the cards.

"We have never, ever looked at Man Group, even though we like the company," Fink said. BlackRock owns an 11.4% stake in Man, which itself last month acquired fellow hedge fund GLG Partners.

Meanwhile, the Man rumor mill has moved on to Bank of New York Mellon, which last month was reported to be mulling a bid for the hedge fund manager.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note