ARE WE TO SEE AN ASSET MANAGEMENT WAR?

Blackrock (the biggest asset manager in the world, with over $6.28 trillion undermanagement) is capitalised at $72.billion and, during the quarter ending 31st March 2019, generated $3.246 billion of revenue. Facebook is valued at $550 billion and, as at March 2019, it had over 2.38 billion users and generated $15.08 billion of revenue. Blackrock only has $6.49 billion of net cash and short term investments, compared to…