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Tuesday, 18 July 2017

KKR lays out succession plan for founders; BlackRock continues to benefit from trend toward ETFs

From across the pond: Private equity outfit KKR is breaking with industry norms and naming successors to founders Henry Kravis and George Roberts, the Financial Times is reporting (paywall). The news comes as BlackRock continues to benefit from the rise of the robots, with the asset manager having attracted USD 104 bn in new client funds in the second quarter, the salmon-colored paper notes.

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