BlackRock assets, profits sink as investors pull funds

(Reuters) - The world's biggest asset manager BlackRock Inc saw the capital it manages fall by almost $1 trillion in the first quarter as investors pulled money out of its marquee funds amid the most damaging stock market selloff in more than a decade.The company, a huge figure on global financial markets, reported a 23% drop in quarterly profit on Thursday, as investors preferred cash management services, while costs rose.The company ended the first quarter with $6.47 trillion in assets under..