BlackRock loses $121bn in assets after BGI acquisition

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US - BlackRock saw outflows of $121bn in 2010 on the back of its acquisition of Barclays Global Investors, but managed to increase total assets by 6%.

In its fourth quarter results released today, BlackRock said it lost $38.7bn in merger-related outflows in the quarter ended 31 December and $121bn for the year. The first of December marked the on...

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