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At BlackRock, Machines Are Rising Over Managers to Pick Stocks
- TuringNYC 10y agoI originally thought it was a puff piece about machines on Wall st, but it does have some hard numbers: "As part of the restructuring, seven of BlackRock’s 53 stock pickers are expected to step down from their funds. Several of the money managers will stay on as advisers. At least 36 employees connected to the funds are leaving the firm."