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BlackRock Takes Pimco Assets With No. 1 Total Return Fund
FYI: Fund manager Rick Rieder's fund gained more than $1 billion in assets in Octobe
At a BlackRock event last week in New York, fund manager Rick Rieder told about 100 advisers that he expects interest rates to remain low as aging Baby Boomers seek the stability of fixed-income investments. The talk was enough to persuade Larry Glazer to shift even more client money from Pimco to Mr. Rieder's BlackRock fund. Regards, Ted http://www.investmentnews.com/article/20141112/FREE/141119970?template=printart
