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Why BlackRock Just Missed its Expected Earnings

April 14, 2016, 1:41 PM UTC
DC: BlackRock CEO Laurence Fink
Laurence D. Fink, Chairman and CEO of BlackRock.
Photograph by Kris Tripplaar — Sipa USA/AP

BlackRock CEO Larry Fink said on Thursday that his company missed earnings expectations as Wall Street analysts were “anticipating higher performance fees” on hedge funds.