FSOC to study BlackRock, Fidelity to determine asset-manager risk

11/6/2013 | Bloomberg

The Financial Stability Oversight Council will review BlackRock and Fidelity Investments to determine whether asset managers pose a systemic risk, according to sources familiar with the matter. "We continue to believe that the asset-management industry, and mutual funds in particular, do not present the types of risk that the FSOC was designed to address," Fidelity spokesman Vincent Loporchio said.

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