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DSP Group, BlackRock may part ways in asset management venture

DSP BlackRock is among the top 10 fund houses in the country and managed assets worth about Rs 860 billion as of March 2018

The BlackRock logo is seen outside of its offices in New York
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The BlackRock logo is seen outside of its offices in New York

Ashley Coutinho Mumbai
DSP Group and BlackRock, the world’s largest investment management firm, have entered into discussions to end their existing 60:40 joint venture (JV) in asset management company DSP BlackRock Investment Managers, said two people in the know. 

DSP BlackRock is among the top 10 fund houses in the country and managed assets worth about Rs 860 billion as of March 2018. The DSP Group, headed by Hemendra Kothari, is one of the oldest financial services firms in India. BlackRock is the world’s largest asset manager with over $6 trillion in assets under management (AUM) as of December 2017. 
 
According to sources,

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First Published: Apr 30 2018 | 12:13 AM IST

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