Sunday, May 9, 2010

BlackRock buys BGI

BlackRock, a New York based company which is a largest publicly traded US money manager is going successfully for over 29 years. This company is well-known for working with governments and institutional clients. Recently BlackRock insisted that it is buying the BGI for $13.5 billion. BGI is the British bank Barclays Plc's investment arm BGI. BGI is the Europe’s largest fund manager.

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