BlackRock is close to acquiring an alternatives manager, CEO Larry...

BlackRock is close to acquiring an alternatives manager, CEO Larry Fink said in an interview. He declined to identify the target company but expects the deal to be announced this month or in February. BlackRock manages about $4.8 billion in alternative investments, including a $2 billion hedge fund that is closed to new investors. Mr. Fink said management of the target company is willing to take the BlackRock name and join the company’s platform.