Asset manager of the year: BlackRock
BlackRock proved a reliable partner for sovereign institutions in 2014
The past 12 months proved another difficult period for central bank reserve managers. The Federal Reserve tapered its monthly purchases of Treasuries and mortgage-backed securities from $80 billion in December 2013 to zero by October 2014, but yields on interest rates around the world remained at historic lows. Meanwhile, a number of emerging markets with large current account deficits saw their currencies plummet as investors closed positions and sought refuge in ostensibly safer markets.
Again
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