BlackRock, BGI and the big quant pivot
How the world’s largest asset manager revived the fortunes of its struggling west coast unit
In early 2010, in the boardroom on the seventh floor of BlackRock’s headquarters in midtown New York, the firm’s top executives met with the management of its systematic equity unit – part of the Barclays Global Investors (BGI) business that BlackRock had just bought for more than $15 billion.
BlackRock’s chairman and chief executive officer Larry Fink and its president Rob Kapito sat at the head
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