Comment & Analysis
BlackRock to delay senior hires as AUM drops to $8.5tn
BlackRock’s assets under management dropped to $8.5tn (€8.38tn) on the back of turbulent markets, prompting the company’s leadership to delay some senior hires. The firm recorded an 11% drop year-on-year in AUM after crossing the $10tn threshold in January, according to its latest quarterly results. Inflows were positive at $90bn…
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