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At BlackRock, Machines Are Rising Over Managers to Pick Stocks
The New York Times; subscription may be required Link to more items from this source
Mar. 29, 2017
"On [March 28] BlackRock laid out an ambitious plan to consolidate a large number of actively managed mutual funds with peers that rely more on algorithms and models to pick stocks.... The initiative is the most explicit action by a major fund management firm in reaction to the exodus of investors from actively managed stock funds to cheaper funds that track every variety of index and investment theme."

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