Asset Management

BlackRock now manages nearly $10.5tn in assets

Fund behemoth hits new record

Bitcoin ETF helps power BlackRock higher
Bitcoin ETF helps power BlackRock higher Photo: Angus Mordant/Getty Images

Shares of BlackRock rose about 2% premarket after the world’s largest asset manager reported first-quarter earnings that beat analyst expectations.

Assets under management at BlackRock climbed to a record $10.47tn in the first quarter, up 15% on the year, boosted by $57bn of total net inflows to its investment products.

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Bank of New York Mellon Approached Northern Trust to Discuss Potential MergerExternal link

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