BlackRock to close or combine some money-market funds

April 6, 2015 8:06 PM

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April 6 (Reuters) - BlackRock Inc, the world's largest money manager, will close or consolidate some money-market funds as the company responds to recent regulatory reforms, the Wall Street Journal reported.

BlackRock is considering changing its fund lineup to comply with rules adopted by the U.S. Securities and Exchange Commission in July, the company said in a letter to clients on Monday, according to the report. (on.wsj.com/1DcZbse)

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