BlackRock

The firm hopes the changes reflect its image as a “powerful, innovative and unified provider” of investment products, according to co-CEO Nico Marais.

The firm, along with the broader asset management industry, is focused on ways to expand its global reach amid mounting pressure for growth.

The asset manager’s share price fell 24% in 2018 while institutions have pulled money from its investment products for three straight quarters.

The firm unveiled a discount in a footnote on page 94 of a revised regulatory filing.

Issuers are creating multi-factor funds that offer exposure to several return-enhancing characteristics.

Part of the risk in any pivot to private equity is whether it would be essentially pawning what has been until recently a diamond of a business model.

The asset manager is shifting more responsibility to regional leaders.

Name changes are coming to 94 of the firm’s long-term mutual funds.

Asset managers have felt the pressure as volatility roils global markets and investors continue to demand low-fee funds that require far fewer workers.

The purchase will add to one of the asset manager’s key businesses, Aladdin.