BlackRock's Fink sees M&A wave for asset managers
June 12, 2009 at 13:36 PM EDT
BlackRock’s blockbuster $13.5 billion deal to buy Barclays Global Investors could be the first ripple of consolidation among asset managers, which have seen their shares perk up amid the recent recovery in financial markets. So says Laurence Fink, chief executive of BlackRock, which stands to become the manager of fully 2.8 trillion in assets.
