BlackRock profit rises on strong investor demand

July 18 Thu Jul 18, 2013 6:42am EDT

July 18 (Reuters) - BlackRock Inc, the world's largest money manager, reported a higher second-quarter profit on Thursday, citing strong global demand from its retail and institutional clients and growth in markets.

Net income at the New York-based company totaled $729 million, or $4.19 per share, up from $554 million, or $3.08 per share, a year earlier.