Why did BlackRock rebound so quickly in 2008-2009 (financial crisis)?


Maybe admin question but i thought that BlackRock had a high correlation with the whole volume of cash invested in the market (management fees as a percentage etc.)

Now in the financial crisis (2008/9) money got taken out of the market in huge amounts, right?

So why did BlackRock rebound so quickly – I thought financial crisis impact those kind of companies „bigger or longer“.

Sry for the probably dumb question.


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