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According to certain sources, BlackRock Inc. (NYSE:BLK) may have lost interest in Man Group. As of now BlackRock has not commented on the assumption, which was brought to the public by an article in the Daily Mail. A person involved with the company claimed today that the company had no interest in obtaining Man Group shares. Man Group evidently made out just from the rumors, stating that BlackRock was in pursuit of acquirement.
About BlackRock Inc:
BlackRock, Inc. is a publicly owned investment manager. The firm also provides risk management and advisory services. It provides its services to corporate, public, and Taft-Hartley pension plans, insurance companies, mutual funds, endowments, foundations, nuclear decommissioning trusts, banks, charities, corporations, official institutions, and individuals worldwide. The firm manages separate client-focused equity, fixed income, and balanced portfolios; open-end and closed-end funds; offshore funds; unit trusts; and alternative investment vehicles including hedge funds and structured funds. It invests in the public equity, fixed income, real estate, and alternative markets across the globe. The firm employs a fundamental analysis with a bottom-up approach to make its portfolio for investments. It employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. BlackRock was founded in 1988 and is based in
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