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President Trump, Don’t Go Soft on Woke Capital
Washington must depoliticize the market and turn ‘passive-aggressive’ holders like BlackRock back into the passive investors they claim to…
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BlackRock
Business
BlackRock cuts private credit executives hired pre-HPS deal
BlackRock is cutting about 10 people from its private financing solutions group as it continues to integrate its US$12 billion acquisition…
Business
BlackRock cuts value of private debt fund by 19%, waives fee
A BLACKROCK private debt fund expects to mark down the net value of its assets 19 per cent after a string of troubled loans weighed on…
Business
BlackRock cuts hundreds of jobs, trimming about 1% of staff
BlackRock is cutting hundreds of jobs across the company, becoming the latest Wall Street firm to rein in headcount in recent weeks. The…
Business
Goldman, BlackRock rush to fill wealth-advice void in Australia
As governments everywhere struggle with ageing populations and ballooning deficits, the country’s superannuation system stands out as a…
Business
Buying the S&P 500 is an active bet on AI: BlackRock Investment Institute
The unprecedented artificial intelligence boom is catalysing a mega structural change that impacts investing, it says Just buying the S&P…
Business
Yangzijiang Shipbuilding tumbles 5% after BlackRock sells 37.8 million shares
Shares of Yangzijiang Shipbuilding fell as much as 5 per cent on Wednesday (Nov 5) after asset manager BlackRock ceased to be a…
Business
Yangzijiang Shipbuilding falls 2.9% after BlackRock sells 37.8 million shares
Shares of Yangzijiang Shipbuilding fell as much as 5 per cent on Wednesday (Nov 5) after asset manager BlackRock ceased to be a…
Business
BlackRock, Nvidia-backed group buys Aligned Data Centers for $40 billion
An investor group including BlackRock, Microsoft, and Nvidia is buying one of the world’s biggest data center operators with nearly 80…
Business
Jio BlackRock sees India mutual fund industry tripling by 2032
Mukesh Ambani is seeking to reshape India’s financial services industry by leveraging his vast telecom and retail empire BlackRock’s India…
Business
BlackRock gets US$10 billion financing for Aramco deal: sources
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market A group led by BlackRock’s…
Business
BlackRock to run US$80 billion for Citi as bank refocuses wealth unit
The move highlights a growing trend among big banks to partner with specialist asset managers Citigroup said on Thursday (Sep 4) it will…
Business
BlackRock loses US$17 billion mandate at Dutch pension fund PFZW
BlackRock has lost a mandate worth US$17 billion with one of the largest pension funds in the Netherlands, amid concerns the world’s…
Business
BlackRock pauses fundraising for latest Asia private credit fund
BlackRock paused fundraising earlier this year for its latest Asian private credit strategy amid its merger with HPS Investment Partners,…
Business
Blackrock readies venture secondaries fund as market expands
The secondary market for private fund stakes has exploded in size alongside a boom in private markets generally BlackRock is preparing to…
Business
Fidelity, BlackRock target Chinese demand for offshore funds
Fidelity International is poised to offer products that attract mainland investors chasing higher returns from overseas funds, according…
Business
Temasek joins Microsoft, BlackRock and MGX to develop AI infrastructure
Temasek’s participation comes after the Kuwait Investment Authority joined earlier in June Temasek has joined a consortium backed by…
Business
BlackRock misses long-term flow expectations amid Asia outflows
The world’s largest asset manager BlackRock pulled in a less-than-expected US$83 billion of client money to its investment funds in the…
Business
BlackRock CEO Larry Fink gets 14% compensation bump in 2024
Tthe world’s largest asset manager has also been doling out long-term incentive pay to retain its top brass BlackRock chief executive…
Business
BlackRock debuts Bitcoin exchange-traded product in Europe
The European instrument is BlackRock’s first foray into crypto-linked ETPs outside of North America BlackRock, the world’s largest asset…
Business
BlackRock shifts to US junk bonds with ECB set to slow rate cuts
BlackRock is taking advantage of recent outperformance in European credit markets to sell some junk bonds there and buy more in the US in…
Business
BlackRock resumes talks with companies following SEC guidance
BLACKROCK has restarted its investment stewardship meetings with companies after a short pause used to assess new US Securities and…
Business
FTX refunds: Temasek, BlackRock, SoftBank, Sequoia, Tom Brady, Shaquille O’Neal likely beneficiaries
AFTER more than two years of hand-wringing, creditors of bankrupt crypto exchange FTX are heaving a sigh of relief as the trading…
Business
BlackRock, FDIC seek to end regulatory row over bank stakes
The FDIC wants disclosures on any potential effort by large asset managers to sway banks where they have sizeable stakes BLACKROCK and the…