President Trump, Don’t Go Soft on Woke Capital
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BlackRock
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 of HPS Investment Partners. At least…
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 results, marking the latest sign of pressure…
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 cuts total about 1 per cent of BlackRock’s global…
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 model – with a warning On one of Larry Fink’s…
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 500 is no longer a passive bet on US equities, but…
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 substantial shareholder. BlackRock sold about 37.8 million…
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 facilities in a deal worth $40 billion to secure…
Jio BlackRock sees India mutual fund industry tripling by 2032
Asia’s richest man is seeking to reshape India’s financial services industry by leveraging his vast telecom and retail empire BlackRock’s India venture with billionaire Mukesh Ambani’s…
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 Global Infrastructure Partners (GIP) unit has…
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 transfer about US$80 billion in client…
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 biggest money manager isn’t acting in the best…
BlackRock paused 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, sources familiar with the matter said,…
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, sources familiar with the matter said,…
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 roll out a new fund that will buy…
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 to sources familiar with the matter. The global…
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 Microsoft, BlackRock and tech investment…
NYC pension funds want asset managers like BlackRock to have legitimate net-zero plans—or lose their business
As the Trump administration funnels money into fossil fuels and the country largely retreats on climate efforts, New York City is trying to ensure its pension funds take the climate into…
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 Exchange Commission (SEC) guidelines about the influence…
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 platform’s estate starts paying cash back to creditors…
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 Federal Deposit Insurance Corporation (FDIC) are…
Vanguard’s record fee cuts tighten screws on BlackRock, Invesco
VANGUARD Group’s biggest salvo yet in its campaign to cut fees for the investing masses presents industry rivals with a painful choice. Follow suit and lose potentially hundreds of…
BlackRock plans to hire 1,200 people for ramp-up in India
BLACKROCK plans to hire nearly 1,200 people to expand two support hubs in India and build out its artificial intelligence (AI) capabilities in the country, according to sources familiar…
BlackRock leaves major climate group amid Wall Street exodus
BLACKROCK is parting ways with one of the world’s biggest climate investor groups after being targeted by Republican politicians for its efforts on global warming. The money manager said…