BlackRock, the world’s largest asset manager, has responded to sharp criticism from billionaire investor George Soros over the firm’s investments in China. Writing in The Wall Street Journal on Tuesday, Soros described BlackRock’s initiative in China as a “tragic mistake” that would “damage the national security interests of the U.S. and other democracies.” The op-ed, entitled “BlackRock’s China Blunder,” said the firm’s decision to pour billions into the country was a “bad investment” likely to lose money for its clients. It comes shortly after BlackRock launched a set of mutual funds and other investment products ... (full story)