BlackRock teases indexes for private markets after Preqin deal
(Reuters) -BlackRock could start offering indexes and exchange-traded funds (ETFs) for private markets, the asset manager said on Monday, after it announced a deal to buy data provider Preqin for nearly $3.2 billion. The move underscores BlackRock’s push to become a major player in alternative assets, which are fast becoming a bigger component of investors’ portfolios. Alternative investments encompass everything other than stocks and bonds. They mostly consist of assets that are traded privately, and … Read more…