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Saturday, 21 January 2017
Last updated 1 day ago
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.