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#BlackRock is eating the financial world w/ passive management that threatens to destroy capitalism: Snags more assets in market rout, boosts profit.

Submitted by TheDailyLiberty.com on Fri, 04/13/2018 - 10:13


NEW YORK (Reuters) - BlackRock Inc (BLK.N), the world’s largest asset manager, generated higher profit during the first quarter by luring more money from investors even as stock and bond markets fell.