BlackRock's assets under management shrink amid market turmoil

NEW YORK (Reuters) - BlackRock Inc's assets under management dipped sharply in the first quarter amid turmoil in global markets caused by concerns about the economic fallout of the coronavirus outbreak.BlackRock's assets fell to $6.47 trillion from $7.43 trillion at the end of the fourth quarter."We had vast de-risking from February 21 to the end of the quarter," Chief Executive Officer Larry Fink said on a conference call with analysts.Worries about the economic fallout of the coronavirus..