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BlackRock cuts fees and jobs- stockpicking goes high-tech

A man walks next to a BlackRock sign pictured in the Manhattan borough of New York, October 11, 2015. REUTERS/Eduardo Munoz BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on ... More »

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Manager of $22 billion BlackRock stock fund to exit this year: memo

The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid Bob Shearer, who manages one of BlackRock Inc’s largest funds, is planning to leave the world’s biggest asset manager later this year, executiv... More »