BI Prime, Asset Management, Asset Managers, BlackRock, Tech Deals,

BlackRock’s $1.3 billion tech deal highlights the asset manager’s ambitions to be a tech company — and hints at its future

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REUTERS/Toru Hanai BlackRock agreed to buy Paris-based alternative investment management platform eFront for $1.3 billion last week. Despite the big pricetag, the deal is ‘not something that moves the needle,’ analysts told Business Insider.  The company has long been pushing into technology and illiquid alternatives, like real estate and private equity, as it diversifies away […]

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