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Wall StreetBlackRock's fourth-quarter profit surged past Wall Street estimates on Thursday while a rally in markets boosted fee income and lifted the company's assets under management to a record $14 trillion.See the Story
BlackRock's assets hit record $14 trillion on fourth-quarter markets rally
72% Center coverage: 7 sources

Private EquityPrivate equity firm CVC Capital Partners announced a $3.5bn (£2.61bn) strategic partnership with American International Group (AIG) to support “long-term investment objectives”. As part of the agreement, announced on Monday, AIG will act as a ‘cornerstone investor’, a private equity secondaries evergreen platform, contributing up to $1.5bn from AIG’s existing private equity portfolio. This aims to give CVC’s new fund immediate scale while allowi…See the Story