BlackRock

·Apr. 20, 2017

BlackRock and Aberdeen Ownership in the Funding Circle SME Income Fund Increases

BlackRock's investment in the Funding Circle SME Income Fund has increased to 15%; meanwhile Aberdeen's ownership has also increased to a substantial share; investments from the institutional managers show the success of the Fund and the confidence in its management; Sachin Patel is the Fund's lead portfolio manager and the Funding Circle SME Income Fund has grown to assets under management of approximately GBP300 million ($383.5 million) following a recent C-Share issuance. Source

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Peer to Peer Lending

·Sep. 24, 2013

Prosper Closes on a $25 Million Funding Round from Sequoia and BlackRock

The current management team at Prosper continues to provide us with pleasant surprises. Today, they announced they have closed an...

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Fintech News Roundup USA

·Mar. 30, 2017

BlackRock Increases Focus on Automated Investment Management

BlackRock's new investment management executive Mark Wiseman has reorganized the business with a greater focus on automated investing for its active funds; the changes will focus on the actively-managed equities business and include pricing changes and increased use of computer models for active investment funds; the firm's passive investments have helped it grow assets under management to $5.1 trillion however its active fund performance has lagged and in 2016 reported $275.1 billion invested, a decrease from $317.3 billion three years prior. Source

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