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May 24 (Reuters) – BlackRock’s Global Resources team
increased its Chesapeake Energy Corp stake to 4 million
shares from under 1 million shares, a source familiar with the
situation said on Thursday.
While the group raised its exposure, executives within the
team said Chesapeake’s management issues are still a
“distraction,” the source said.
BlackRock’s Global Resources team oversees over $5 billion
in assets, as of March 30.
A BlackRock representative declined to comment.
