Integrating a Behemoth

摘要

When its deal for Barclays Global Investors is com-pleted, BlackRock will become the world's largest money manager, overseeing $2.7 trillion in assets - reportedly larger than the Federal Reserve Bank and twice as large as its two nearest competitors, State Street Global Advisors and Fidelity Investments. As a result of the $13.5 billion acquisition, which was announced June 11, BlackRock, the asset management giant known for its active stock and bond funds, will gain a powerhouse in index-fund management and exchange-traded funds as well as a highly automated electronic trading and transaction cost analysis infrastructure.