BlackRock’s (BLK.N) assets hit a record high $11.6 trillion in the fourth quarter of last year as the world’s largest money manager posted a 21 per cent profit jump, with fee income buoyed by stronger equity markets.
Assets managed by the New York-based company increased to $11.55 trillion from $10.01 trillion a year earlier and $11.48 trillion in the third quarter.
Net income rose to $1.67 billion, or $10.63 per
