British antitrust officials said they were opening a formal investigation into BlackRock’sBLK-0.22%decrease; red down pointing triangle acquisition of U.K. data provider Preqin, ramping up pressure on the asset manager more than five months after it ...

Britain's competition regulator said on Friday it was launching a probe into asset management firm BlackRock's 2.55 billion pounds ($3.22 billion) acquisition of UK data firm Preqin.

BlackRock recommends that interested investors consider allocating as much as 2% of their portfolio to bitcoin, the world's largest cryptocurrency, the giant asset manager said in a report on Thursday.

The world’s biggest asset manager says that Bitcoin does have a place in multi-asset portfolios — up to a certain point.

As new investors rush to buy Bitcoin, many wonder how much of their investment portfolio to plow into the digital currency. BlackRock, the world’s largest asset manager, has the answer: No more than 2%.