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Italian regulator to sue BlackRock fund manager

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BlackRock said on Friday that Italy's market regulator has started civil proceedings against one of its fund managers alleging that he used inside information to sell shares in Saipem just before the oil services firm issued a profit warning in 2013.

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People News: BlackRock, UBS

BlackRock hired Harvard Management’s Mark McKenna to start an event-driven hedge fund as the world’s largest asset manager seeks to expand its alternative-investment business.

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BlackRock may face action over money manager

BlackRock, the world’s biggest money manager, said regulators are considering filing action against the firm over a former money manager who used BlackRock funds to invest in a company with which he had financial ties.

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