GMO's 10-person international active team was dismantled in June.
The payout was made as BlackRock employee bonuses were cut for the first time since 2011.
Laurence Fink says that without tax reform and deregulation the markets will suffer setbacks.
The relative value fund is expected to receive $400 million from the university's endowment.
Clients are moving to cheap index funds, which benefits BlackRock’s ETF business while hurting its active managers.
The asset-management business is under increasing pressure as money flows from active strategies into cheaper passive offerings.
The president's populist policies may have more impact than central bank policies, he says.
Some issuers who don't pay a fee may risk having future offerings blocked from the firm's network, a source says.
The company has benefited from a move by investors into cheaper passive products.
The ETF price war is moving to smart beta.
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