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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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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.

BlackRock Beefs Up Top Team

BlackRock, seeking to reverse withdrawals from active funds and boost assets as its acquisition spree ends, is expanding top leadership and shaking up its investment unit in the most sweeping overhaul since it became the world’s largest asset manager.

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