BlackRock's Fink on the U.S. Economy, Hedge Funds

| About: The Blackstone (BX)

In the FT’s “Future of Investing” series, Larry Fink, chief executive and chairman of BlackRock talks to Henry Sender, international financial correspondent. This is excellent video footage.

Part 1:

Fink explains his concerns that the global economy is not as robust as the market is pricing in and that the economic recovery will be an elongated struggle.

Click here or on the image below to view the video clip.

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Oct 2: Consolidation inevitable in asset management

Part 2:

Fink discusses the need to be global in the asset management business and the robust future for the hedge fund industry.

Click here or on the image below to view the video clip.

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Source: Henry Sender, Financial Times (here and here), October 2, 2009.