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Pension funds sue Blackrock, allege "looting" at iShares
Reuters: Business News
Posted on February 03, 2013 at 14:23 PM EST
NEW YORK (Reuters) - Two U.S. pension funds have alleged in a lawsuit that Blackrock, the world's biggest asset manager, has looted securities lending returns from iShares exchange-traded funds investors, and breached its fiduciary duties.
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