BlackRock, Inc., the advisor to the BlackRock Funds, is opening an office in Boston that will house a new seven-member small- and mid-cap equity team, the company announced last week. That team is made up of several executives formerly with Boston Partners Asset Management and will be headed by Wayne Archambo, a former partner with that firm, the company said.

The new group will give the firm a greater presence in the mid- and small-cap equity sectors and will help further develop BlackRock's existing small-and-mid-cap equity offerings. Those offerings include the BlackRock Mid Cap Value Fund and the Small Cap Value Fund as well as mid- and small-cap separately managed accounts, a company spokesman said.

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