Home>BlackRock Sued by Funds Over Securities Lending Fees
BlackRock Sued by Funds Over Securities Lending Fees
Financial Planning News
Tue, 5 Feb 2013
BlackRock the world's biggest money manager, is accused in a lawsuit by two pension funds of reaping "grossly excessive" compensation from securities- lending returns associated with iShares.
There is a much higher probability of at least temporarily going over the cliff than is appeared to be baked into stock prices, says BlackRockiShares global head of investment strategy Russ Koesterich.
BlackRockiShares global head of investment strategy Russ Koesterich sees some parallels between the U.S. and the Roman Empire, but says our problems are fixable.
Fidelity customers will now have commission-free access to 25 iShares ETFs, but investors shouldn't run for the exits of the firm's existing index mutual funds.