BlackRock, the world's leading asset manager, reports adjusted net income up 7% year-on-year to $1.45 billion for Q4 2023, or $9.66 per share (+8%).

The New York-based group saw its adjusted operating margin improve by 0.4 points to 41.6% on revenues up 7% to $4.63 billion, while its average assets under management grew by 11% to nearly $9. 385 billion.385 billion.

Also announcing an agreement to acquire Global Infrastructure Partners (GIP), 'creating a world-class infrastructure investment platform', BlackRock says it is starting 2024 'with vigorous momentum'.

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