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NEW YORK, March 28 (Reuters) – BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how.

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The former investment manager repeatedly dodged fares on his way to work in London. He saved about $20 a day. And it cost him a career in finance. A former managing director at BlackRock has been banned from the industry for life.

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NEW YORK (Reuters) – BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how difficult it has.

NEW YORK (REUTERS) – BlackRock Inc on Tuesday (March 28) said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how.

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BlackRock, the world’s largest money manager, says assets under management grew by 17 percent.

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BlackRock Inc. said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how difficult it has become for humans to beat the.