ECB sceptical of planned hedge fund rules (Fund News)
Europeâ??s controversial plans to regulate hedge and private equity funds were dealt a fresh blow on Thursday when the European Central Bank warned the proposals would put the industry at a significant competitive disadvantage.
BlackRock reported third quarter earnings of $317m on Tuesday, a 46 per cent gain over a year ago, reflecting improving conditions in global financial markets and an indication of newfound willingness among investors to move from cash into longer-term assets.