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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...