One Hedge Fund Lifted BlackRock’s Earnings Beat: How Much Did Crypto Add?
BlackRock beat third-quarter forecasts with assist from a single hedge fund. Performance charges, which BlackRock costs when funds beat set targets, hit $630 million, about $200 million above analyst estimates. The world’s largest asset supervisor nonetheless posted huge numbers. Adjusted earnings per share rose 38% to $15.93, shoppers added $205 billion, and property reached a…
