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Lewis Braham: Big Events Drive Big Returns At This BlackRock Fund: (BALPX)

TedTed
in The Bullpen
FYI: magine being the CEO of a company with a 600-pound gorilla sitting in your boardroom that wants you to merge with another company. Are you going to say no?

The gorilla in this case would be BlackRock (ticker: BLK), which manages $6 trillion worldwide. “BlackRock is probably a top-five shareholder for nearly every company in the world,” says Mark McKenna, manager of BlackRock Event Driven Equity (BALPX), a $1.3 billion fund that seeks to profit off mergers, spinoffs, restructurings, management changes, and other key corporate “events.”
Regards,
Ted
https://www.barrons.com/articles/big-events-drive-big-returns-at-this-blackrock-fund-51547849916?mod=djem_b_Weekly Feed for Barrons Magazine

M* Snapshot BALPX:
https://www.morningstar.com/funds/XNAS/BALPX/quote.html

Lipper Snapshot BALPX:
https://www.marketwatch.com/investing/fund/balpx

BALPX Is Unranked In The (MN) Fund Category By U.S. News & World Report:
https://money.usnews.com/funds/mutual-funds/market-neutral/blackrock-event-driven-equity-fund/balpx
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