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Exclusive: BlackRock's biggest stock-picking fund likes Facebook shares

Reuters  |  NEW YORK 

By Trevor HunnicuttNEW YORK (Reuters) - The biggest stock-picking fund at BlackRock Inc raised its bet on Facebook Inc in March, a source familiar with the matter said, making the social media company a top 10 equity holding and apparently betting that Facebook's privacy scandal will not weigh on the stock for long. A person familiar with the matter said the Global Allocation Fund - run by Dan Chamby, Russ Koesterich, David Clayton and Kent Hogshire - had boosted its Facebook share count. The person, who requested anonymity because BlackRock does not discuss individual stocks, declined to ...

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First Published: Tue, April 17 2018. 03:17 IST