Sat, Oct 29, 2016
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. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa

  2. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  3. Other Voices: Don’t mistake style for skill — The impact of style factors on trend follower performance[more]

    By John Dolfin, CFA Chief Investment Officer and Christopher Maxey, CAIA, Senior Portfolio Manager of Steben & Company: Managed futures have become an alternative asset class that is widely used by investors seeking overall portfolio diversification and absolute returns independent of the

  4. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso

  5. Barclay CTA Index down 0.40% in September (+0.10% YTD)[more]

    Managed futures traders lost 0.40% in September according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.10% year to date. “The US Fed, in spite of its hawkish tone, opted to hold rates steady which roiled financial markets,” says Sol Waksman, founder and president of BarclayHe