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Third Point Invests in BlackRock (BLK)

In their Q2 2017 letter, Third Point outlines their reasons for investing in BlackRock (BLK). BlackRock is a long time holding in our dividend growth portfolio. BlackRock is the world’s largest asset manager, with $5.7 trillion in AUM. In a classic scale industry, BlackRock is an asset-gathering machine, with organic net inflows of over 7% […]

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Ending the DOL Fiduciary Rule Won’t Change the Long-Term Trend

One industry benefiting from the election of Donald Trump is asset management. Specifically, active fund managers. Companies like T.Rowe Price (TROW) and Franklin Resources (BEN) have outperformed the broad index since election day. The outperformance stems in part from the expectation that the new DOL Fiduciary rule and the legal pressure to move assets to […]

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