BlackRock cuts fees and jobs; stockpicking goes high-tech

Filed under: News |

NEW YORK (Reuters) – BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how difficult it has become for humans to beat the market.

Source:: BlackRock cuts fees and jobs; stockpicking goes high-tech

      

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