Profit at BlackRock fell by 16% in the latest quarter as falling markets and the rise of the dollar exerted pressure.
Net income at the group dropped to $1.41bn (£1.24bn) during the three months to the end of September, down from $1.68bn a year earlier.
Total revenue decreased by 15% to $4.31bn.
Assets under management dropped by 16% on the year to $7.96tn in Q3 as the dollar’s strength also knocked the value of investment across European and Asian markets. They had exceeded $10tn at the end of last year.
