MLIM merges with BlackRock
February 15—After weeks of mounting speculation, Merrill Lynch confirmed in February it is merging its asset management business, Merrill Lynch Investment Managers (MLIM), with US fund manager BlackRock to become the US’s largest fixed-income manager.
With almost $1 trillion in assets under management, $415 billion of which is in fixed income, the combined group will also rank as one of top 10 asset managers in the world. The new company will operate under the BlackRock name and will be governed
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