BlackRock assets hit record $11.6 trillion in fourth quarter
By Davide Barbuscia NEW YORK (Reuters) -BlackRock’s assets hit a record high $11.6 trillion in the fourth quarter of last year as the world’s largest money manager posted a 21% profit jump, with fee income buoyed by stronger equity markets. Assets managed by the New York-based company increased to $11.55 trillion from $10.01 trillion a year earlier and $11.48 trillion in the third quarter. Client assets were buoyed by a U.S. stock market rally after … Read more…