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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
BlackRock’s assets under management surged to a record $11.5tn,last quarter as the world’s largest money manager benefited from a rally in markets and attracted cash from investors.
Revenue rose 15 per cent to $5.2bn, surpassing analysts’ expectations, while improved margins lifted the group’s net income to $1.63bn.
Assets shot up 26 per cent in the quarter,…
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