BlackRock has made changes to its fund range including the planned closure of its Japan vehicle and alterations to the investment strategy and name of its High Income Bond portfolio.
Bob Doll, chief equity strategist at BlackRock, says stocks are being pulled in two directions and are likely to keep to a narrow trading range until economic data improves.
Bank of America could offload its 34% stake in the world's largest asset manager BlackRock.
Mark Lyttleton has built up short positions in Schroders and Aberdeen in his £2bn BlackRock UK Absolute Alpha fund.
BlackRock veteran Bob Doll predicts the US stock market could achieve annualised returns of 8% over the next decade.
Managers expect the gold price to rebound back to all-time highs in the current uncertain environment, despite the dip seen over the past month.