1 month ago | By Chron

NEW YORK - Stocks that moved heavily or traded substantially Tuesday:
BlackRock, up $16.43 to $699.30
The investment management firm is buying Aperio for just over $1 billion in cash.
Nutanix, down 26 cents to $28.21
The enterprise cloud platform services provider beat analysts' fiscal first-quarter earnings forecasts.
Dycom Industries, down $12.52 to $65.71
The provider of specialty contracting services reported weak third-quarter revenue.
Cabot, up 74 cents to $44.85
The chemical company gave investors an encouraging profit forecast for its fiscal first quarter.
Ambarella, up $10.14 to...
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BlackRock is paying $1 billion in cash for a wonky fund business. Here's why customized index funds are having a moment

1 month ago | By Business Insider

Summary List Placement
BlackRock's plans to buy a firm specializing in customized portfolios is a sure sign that clients' expectations for personalized investments are rising, and a consolidating industry pressured to boost profits is rushing to keep up.
The world's largest money manager, which oversees some $7.8 trillion in assets, said late Monday that it would acquire Aperio, a Sausalito, California-based firm that creates bespoke separately managed accounts, from the private equity firm Golden Gate Capital and Aperio employees for approximately $1 billion in cash.
The firm will operate...
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