Financial Times FT.com

BlackRock in a new league with BGI deal

By Henny Sender and Kate Burgess

Published: June 24 2009 19:50 | Last updated: June 24 2009 19:50

BlackRock was “the biggest firm nobody has ever heard of”, according to a short movie shown at the asset manager’s 20th birthday party last year.

But after completing the $13.5bn acquisition of Barclays Global Investors’ $1,400bn in funds under management and turning itself into the world’s biggest asset manager with $2,700bn under management, it will soon be hard to find anyone who has not heard of BlackRock.

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