BlackRock to buy UK data group Preqin for $3.2 billion

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Asset Management Company,Data Segment,Investment Professionals

BlackRock said in a statement that the acquisition would complement its Aladdin tech business by bringing together data, research, and investment process for...

-BlackRock has agreed to buy UK data firm Preqin for 2.55 billion pounds in cash in an expansion by the world's biggest asset management company into the private markets data segment.

Preqin, which was founded in 2003, specialises in data about the alternative investment industry. The UK-based company has subscribers in more than 90 countries, according to the British government's register of companies. Melius Research projects Nvidia will generate $270 billion in cash over the next three years, potentially setting the stage for huge shareholder returns.In addition to their track record of yielding solid returns in the long run, the strong fundamentals of these two Canadian Stocks make them attractive buy-and-hold forever stocks for TFSA investors. The post 2 Canadian Stocks to Buy and Hold Forever in Your TFSA appeared first on The Motley Fool Canada.

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