U.S. regulators allow BlackRock funds to lend to one another

BlackRock Inc portfolio managers will be allowed to borrow from their peers if they are pressed for money to cash out clients, U.S. Securities and Exchange Commission officials said in a notice on Tuesday. BlackRock last year asked the regulatory agency to let the funds borrow cash from one another, for instance to meet a hypothetical spike in requests by clients to redeem shares. Some other fund companies already can provide similar lending, including Vanguard Group and Fidelity Investments, ye