BlackRock's Fink says robots aren't replacing human stock pickers

The robot revolution isn't about to take over stock-picking duties at BlackRock. That's at least according to Larry Fink, BlackRock Inc.'s chairman and chief executive officer of the world's largest money manager, in reference to a recent move by the group to put more emphasis on computer models over human managers. BlackRock said last week that it will increase its quantitative-analysis division at the expense of traditional active management, as part of an overhaul of active management, causing some jitters in the stock-picking community. Fink defended that move in an interview with CNBC Thursday morning, saying it represented a small part of the group's $5.1 trillion business, and was in line with a two-year plan, to deal with the "democratizing of information," which is so abundant. Meaning, there is an abundant source of information to be sifted through out there for asset managers.