BlackRock Inc.BLK announced plans to restructure its traditional actively managed equities business and improve product offerings as per changing client needs. In this context, the company intends to launch the BlackRock Advantage “series of core alpha products,” cut fees, slash jobs and change asset mix.
Further, with the appointment of Mark Wisemen last year, as the global head of Active Equities, BlackRock has been working to replace the traditional stock picking strategy with an automated one. These restructuring efforts are part of this initiative.
Initiatives in Detail
BlackRock plans to focus more on technology and data analytics and make investments in data-based technology to improve the funds’ …
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