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

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of