Sun, Jul 24, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

BlackRock Q1 earnings positive, despite investor caution

Thursday, April 19, 2012

Bailey McCann, Opalesque New York: BlackRock, the world’s largest asset manager, released its quarterly earnings report today. Net income increased to $572m, or $3.14 per share, from $568m, or $2.89 per share, in the same quarter a year before. Overall revenue declined $33m or 1%, to $2.2bn. Revenues from ETFs were the largest contributor to the company gains this quarter.

The iShares® ETF generated its strongest first quarter result on record with $18.2bn of net new business. Assets under management (AUM) closed the quarter at $3.684tn, up 5% since year-end 2011 and up 1% year- over-year. The firm did disclose however, that it had a $36bn fixed income redemption from a large institutional investor. The firm’s fixed income group has been able to capture nearly half of all fixed income ETP flows for the quarter.

"Our first quarter 2012 results are a strong testament to the power of BlackRock’s diversified business model and history of innovation," said Laurence D. Fink, Chairman and CEO of BlackRock said in a statement. Fink characterized the market overall as fragile as investors remain cautious due to broad market uncertainty.

At the end of February, BlackRock launched an advertising campaign designed to increase interest in a variety of areas including ETPs, multi-asset solutions and alternatives. The campaign, 'Investing in a New World’ is designed to educate investors on how to invest in uncertain market conditions. Along with this new advertising initiative......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe