The changing face of an investing institution
Known as a fixed-income manager, New York-based BlackRock Financial Management has changed its colors. Earlier this year, Pittsburgh-headquartered PNC Bank, which acquired BlackRock in 1995, consolidated its asset management capabilities under the BlackRock name. As a result, BlackRock has emerged as a major multi-product investment advisor that employs a hybrid approach to stock picking – using both quantitative tools and fundamental analysis.
Adopting the BlackRock identity are Philadelphia's
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