BlackRock’s ambitious India shake-up falls short
Assets under management at joint venture with Mukesh Ambani have declined since last year’s launch
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BlackRock profits jump as it draws in $130bn
Earnings for first quarter underline asset manager’s push into investment products that generate higher fees
BlackRock moves to take on hedge fund giants
Asset manager is revamping flagship quant hedge fund to add stockpicking
BlackRock sets $400bn fundraising target to take on private capital giants
Asset manager unveils ambitious goal as part of plan to double market capitalisation by 2030
Private equity cools on India amid lofty prices and economic jitters
Weaker dealmaking environment during turbulent period for country’s financial markets
BlackRock advises investors to put more money into hedge funds
Move is biggest allocation increase to sector ever recommended by asset manager’s institute
Mukesh Ambani loses his crown
Also in this newsletter, good news for banks, but bad news for the economy