A significant client has withdrawn $52 billion from BlackRock, hitting the investment giant’s net inflows, despite its substantial asset base of $12.5 trillion. The move is a rare setback for the world’s largest investment firm, which has been consistently attracting new capital to its funds.
Source: https://www.thetimes.com/business-money/companies/article/blackrock-hit-by-52bn-withdrawal-from-single-client-kmsmg87jc