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The fund manager's results show that inflows do not necessarily translate into increased profits

Former Reporter

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Investors increased the flood of cash flowing into money management giant BlackRock in the last quarter. But the firm saw profits fall 6.5% from the comparable quarter a year earlier to $1bn.

BlackRock reported earnings of $6.41 a share, down from $6.62 a share. Its earnings missed estimates from analysts polled by FactSet.

BlackRock’s assets top $6.8tn but profits fall

Allison Prang

Dawn Lim

BlackRock

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Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

https://images.fnlondon.com/im-06153452?size=1.5

The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

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The announcement comes as USS Investment Management said it won’t bid for the property firm.

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KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Property Firm Assura

The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

The New Survival Guide for Private Equity: Go Big or Get Back to Basics

The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

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Tencent Shares Hit More Than Three-Year High as App Launches DeepSeek Testing

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