BlackRock, the worldâ??s largest asset manager with $3,350bn under management, on Wednesday reported a sharp jump in fourth-quarter income. Boosted by the rebound in financial markets and new fund inflows, net income rose to a higher-than-expected $256m in the quarter from $52m in the same period last year.
Goldman winds down flagship hedge fund (Fund News)
According to a report in the Financial Times, Goldman Sachsâ?? asset management unit is said to have wound down its Global Equity Opportunities (GEO) Fund at the end of December.
The former McKinsey director accused of passing on confidential information in the Galleon insider trading case is expected to appear in federal court on Thursday.