NEW YORK (Reuters) - BlackRock Inc, which has struck nearly $30 billion in acquisitions this year, is looking for opportunities to expand its technology capabilities including in the areas of artificial intelligence, the world's largest asset manager's chief operating officer said on Tuesday.
"There's always pockets of capabilities that you can improve upon," said BlackRock COO Rob Goldstein, speaking in an interview at the Reuters NEXT conference in New York.
(Reporting by Lewis Krauskopf, Carmel Crimmins; Editing by Leslie Adler)
BlackRock, Inc., formerly BlackRock Funding, Inc., is an investment management company. It provides a range of investment management and technology services to institutional and retail clients. Its diverse platform of alpha-seeking active, index and cash management investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives, and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares and exchange-traded funds, separate accounts, collective investment funds and other pooled investment vehicles. It also offers technology services, including the investment and risk management technology platform, Aladdin, Aladdin Wealth, eFront, and Cachematrix, as well as advisory services and solutions.
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