UPDATE 3-BlackRock 1st-qtr fund flows jump; to beef up quantitative equity team

April 16, 2015 5:36 PM

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April 16 (Reuters) - BlackRock Inc said on Thursday it plans to beef up its quantitative investing team as the sector continued to outperform peers and reported its actively managed equity funds recorded the first inflows since 2013.

BlackRock, the world's largest money manager, also reported that first-quarter profit rose by 8.7 percent, and adjusted earnings topped estimates.

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