Larry Fink: Cyprus Minor Issue, Equities Will Rise 20% in 2013 [VIDEO]

Larry Fink, CEO of BlackRock, the world’s largest asset manager with close to $4 trillion in AUM, talks about the outlook for the global economy and financial markets. He also discusses BlackRock’s hiring plans. Larry Fink’s BlackRock recently laid off  3% of the workforce.  Fink last year called for investors to go 100% equities. It was a good call as the S&P 500 is up over 15% since that date. Fink is not scared about Cyprus either noting the tiny size of the country with a 10 billion dollar GDP. The fearless CEO expects equities to rise 20% this year. He speaks in Hong Kong with Susan Li on Bloomberg Television’s “First Up.”