Feb. 20, 2003 — BlackRock Inc`A` (BLK), a major manager of fixed-income investments, has hired a team of stock pickers from Weiss, Peck & Greer who use computer models to buy and sell large-cap U.S. stocks.
BlackRock’s new quantitative equity group is led by David Byrket and Frederick Herrmann. The group’s other members are Andrew Jones, Tim Rezvan and Guy Lakonishok. The five previously managed quantitative stock portfolios for institutions and individuals at Weiss, Peck & Greer.