Decoding BlackRock’s Black Box

After a string of acquisitions created a $113 billion alternatives powerhouse, the intensely secretive firm is emerging from the shadows



Matt Botein and Edwin Conway: There’s an information edge with a platform that invests across various asset classes and geographies on a day-to-day basis (Photographs by Chris Clinton)

Following the financial crisis of 2008, fund managers at Barclays Global Investors were feeling smug: The group had built up impressive track records at the exact moment that one of...

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