Friday SWFI News Roundup, July 15, 2016

GETTING BIGGER: BlackRock’s AUM Reaches Record High

BlackRock, the world’s largest publicly traded money manager, reported assets under management of US$ 4.89 trillion from June 2016. This is up from 3.6% a year earlier and 3.2% from March 2016. BlackRock CEO Lawrence Fink in a quarterly press release stated, “We are seeing increasing evidence that our recent strategic investments are driving growth. iShares generated $16 billion of net new business during the quarter, with significant strength in fixed income and ‘smart-beta’ ETFs, as clients utilize these tools to manage risk and minimize volatility.”

Heliconia Capital to Back Singapore MMA Company

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