BlackRock, the world’s largest asset manager with $3,350bn under management, on Wednesday reported a sharp jump in Q4 income but signalled a more difficult year ahead. Boosted by the rebound in financial markets and new fund inflows, net income rose to a higher-than-expected $256m in the quarter from $52m a year earlier. Full-year net income for BlackRock, which acquired Barclays Global Investors late last year, rose from $784m to $875m.

This entry was posted by Gwen Robinson on Thursday, January 28th, 2010 at 5:23 and is featured in The 6am Cut London (28 Jan 2010) . Tagged with bgi, blackrock. Edit this entry.