BlackRock

BlackRock's chief executive has warned Europe needs its own US-style Troubled Asset Relief Program (TARP) as the sovereign debt crisis continues.

BlackRock has bought about £63m worth of shares in Jupiter, doubling its stake in the fund manager to more than 10%.

BlackRock's £1.6bn World Mining Trust, run by Evy Hambro, has made around 80% on its investment in Glencore's convertible debt, Oriel Securities has said.

BlackRock's Robin Batchelor is running a 30% underweight to oil majors in his £4.32bn World Energy fund, expecting margins will be squeezed as demand for oil intensifies and exploration costs rise.

Multi-manager funds proved popular among investors in the first quarter of 2011, with groups including Jupiter and Henderson all seeing a rise in sales thanks to their funds of funds, according to the latest Pridham report.

Schroders has appointed Kate Jones as head of investment services, to help develop its global investment management and research platform.

This week's Conjecture debate saw panellists from BlackRock, MFS & Threadneedle discuss the prospects for UK equities.

ON EUROPE

In the latest Conjecture debate, our panellists from Blackrock, Rathbone Unit Trust Management and Standard & Poor's discussed investing for income.

BlackRock has reported net income of $568m for the first quarter, marking a $145m increase from a year ago.