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Asset Management

For this BlackRock fund, big events drive big returns

Merger arbitrage and event-driven funds like Mark McKenna’s might be particularly attractive to investors now

Imagine being the CEO of a company with a 600-pound gorilla sitting in your boardroom that wants you to merge with another company. Are you going to say no?

The gorilla in this case would be BlackRock, which manages $6tn worldwide.

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