Tuesday, 1 September 2015
Last updated 8 hours ago
Jun 20 2007 | 8:58am ET
Not one to be left out of the crowd, BlackRock has announced a plan to invest in startup hedge funds as other traditional asset managers and Wall Street giants do the same.
At a conference in Monaco, BlackRock hedge fund chief Howard Berkowitz said his firm will take small stakes in young hedge funds “to be on the ground floor and be able to get a great rate of return.”
Hedge funds have reportedly raised some $10 billion over the past year by selling stakes in their firms.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…