Correction to BlackRock story of 25.11.08

The lead story in the Tuesday, November 25 edition of I&T News incorrectly identified nine reduncancies at BlackRock Investment Management’s marketing team.

There has in fact been just one redundancy from that team, and a further nine from other parts of the business including the direct and A-REIT property teams.

I&T News apologises to BlackRock Investment Management for this error and the inconvenience it caused. 

 

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Why Team Super won’t trade against its own managers

In an environment where markets are becoming ever more concentrated, the $21 billion Team Super is happy to wear plenty of active risk from its managers and won’t use overlays to make up for underperformance.

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