BlackRock, Ark lower fee for planned spot bitcoin ETFs
(Reuters) -BlackRock and Ark Investment Management on Wednesday lowered the fees for their proposed spot bitcoin exchange traded funds (ETFs), looking to undercut almost a dozen other competitors racing to launch such…
Bond ETFs draw in record $300 billion in 2023 – BlackRock
LONDON (Reuters) – Bond exchange-traded funds (ETFs) gathered an annual record of $300 billion of assets under management in 2023, BlackRock said on Wednesday, as investors were lured in by the highest…
Bond investors may be betting too aggressively on 2024 rate cuts, says BlackRock
By Davide Barbuscia NEW YORK (Reuters) – A year-end rally in U.S. government bonds has potentially limited further gains in some Treasury maturities, said Rick Rieder, chief investment officer of global fixed…
BlackRock held partnership talks with Warburg Pincus – FT
(Reuters) – The world’s largest asset management firm BlackRock held partnership talks with U.S.-based private equity firm Warburg Pincus nearly two years ago, the Financial Times reported on Thursday citing at least…
BlackRock updates spot bitcoin ETF proposal to allow cash redemptions
(Reuters) – BlackRock has updated its proposed filing for a spot bitcoin exchange-traded fund (ETF) to allow cash redemptions, in a move which could help it secure an approval from the U.S.…
BlackRock to invest up to $400 million in Dubai decarbonisation firm Positive Zero
By Yousef Saba DUBAI (Reuters) -BlackRock has agreed to invest up to $400 million in Dubai-based decarbonisation company Positive Zero through a diversified infrastructure fund, Positive Zero said in a statement on…
Slowing China trend growth means better opportunities elsewhere – BlackRock Investment Institute
LONDON (Reuters) – Slowing trend growth in China means there are better investment opportunities in emerging markets outside the world’s number two economy, senior executives at BlackRock Investment Institute (BII) said on…
BlackRock Investment Institute cuts developed market stocks to ‘neutral’
(Reuters) – BlackRock Investment Institute on Monday cut its rating on developed market equities to “neutral”, after being “overweight” since the end of pandemic lockdowns in Western nations, due to attractive valuations.…
Nikki Haley Meets With BlackRock CEO Larry Fink, Other Wall Street Elites
Nikki Haley Meets With BlackRock CEO Larry Fink, Other Wall Street Elites Will Kessler on November 16, 2023 Former U.N. Ambassador Nikki Haley met with several Wall Street executives in a series…
BlackRock plans for ethereum trust fuel speculation about ETF filing
By Suzanne McGee (Reuters) – Asset management giant BlackRock registered to create an ethereum trust, a potential first step toward asking regulators to approve an exchange-traded fund tied to ether, the second-largest…
Goldman Sachs hires BlackRock executive for unit serving third-party wealth product providers
By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs’ asset management arm hired Gregory Weiss from BlackRock to lead a business that sells managed accounts and index products to wealth managers. Weiss…
BlackRock to pay $2.5 million fine to settle SEC disclosure charges
(Reuters) -The U.S. Securities and Exchanges Commission on Tuesday said it had charged BlackRock Advisors LLC with “failing to accurately describe investments in the entertainment industry” for which it has agreed to…
BlackRock warns of US earnings stagnation, remains bullish on AI, Japan
By David Randall NEW YORK (Reuters) – Investors looking toward U.S. corporate earnings growth to revive the rally in the benchmark S&P 500 may be disappointed as inflation remains volatile, strategists at…
Long US Treasury yields may rise further despite near-term swings, BlackRock says
By Davide Barbuscia NEW YORK (Reuters) – Long-term U.S. Treasury yields may still have room to rise but they could swing in both directions in the near term as inflation eases and…
BlackRock Investment Institute raises rating of long-dated US Treasuries
(Reuters) – BlackRock Investment Institute on Monday raised the rating of long-dated U.S. Treasuries to “neutral” from “underweight” as it sees yields approaching a peak. “We now see about equal odds that…
Turkey cenbank chief to meet Blackrock, JPM, DB at IMF/WB forum -source
ANKARA (Reuters) – Turkish Central Bank Governor Hafize Gaye Erkan will hold her first meetings with international investors since taking the job at the annual IMF forum in Marrakech on Oct. 11-13,…
Goldman Sachs hires BlackRock executive as global co-head of consultant relations
(Reuters) – Goldman Sachs Asset Management has hired former BlackRock executive Patrick O’Donnell as a managing director and global co-head of consultant relations, alongside Lauren Oakes, a spokesperson told Reuters in an…
Republicans question BlackRock fund governance, revisiting old concerns
By Ross Kerber (Reuters) – A group of 15 Republican state attorneys general have questioned whether directors of BlackRock mutual funds are sufficiently independent of the world’s largest asset manager. In a…
DAVID BLACKMON: The Head Of BlackRock Is ‘Ashamed’ Of ESG? Give Me A Break
DAVID BLACKMON: The Head Of BlackRock Is ‘Ashamed’ Of ESG? Give Me A Break David Blackmon on June 28, 2023 The big news in energy this week is that BlackRock CEO Larry…
‘I’m Ashamed’: BlackRock CEO Says He’s Ditching The Left’s Favorite Buzzword For Woke Investing
‘I’m Ashamed’: BlackRock CEO Says He’s Ditching The Left’s Favorite Buzzword For Woke Investing Jason Cohen on June 26, 2023 BlackRock CEO Larry Fink said Sunday that he will not use the…
BlackRock announces fresh layoffs impacting less than 1% of staff – memo
By Anirudh Saligrama (Reuters) – BlackRock has announced layoffs that would impact less than 1% of its workforce as a result of budget reallocations to support critical priorities, according to a memo…
BlackRock files for bitcoin ETF in push into crypto
(Reuters) -BlackRock, the world’s biggest asset manager, on Thursday filed for a bitcoin exchange-traded fund (ETF) that would allow investors to get exposure to the cryptocurrency, as the asset class comes under…
BlackRock names new corporate affairs chief
By Ross Kerber (Reuters) – Top asset manager BlackRock on Thursday named outside executive John Kelly to a newly created role overseeing its public policy, philanthropy, communications and branding, at a time…
BlackRock CEO Fink says he does not plan to leave the firm ‘any time soon’
By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) – BlackRock Inc chairman and Chief Executive Officer Larry Fink said on Wednesday he is not planning to leave the world’s biggest asset…
BlackRock sees strong demand for infrastructure investments in Saudi Arabia
NEW YORK (Reuters) – BlackRock sees strong demand from its global clients for infrastructure investments in Saudi Arabia, Rachel Lord, Head of APAC at the asset manager, said on Wednesday. Speaking at…
BlackRock fund targets greening of materials sector
By Clara Denina and Simon Jessop LONDON (Reuters) – BlackRock on Tuesday launched the “Brown to Green Materials Fund” targeting undervalued carbon-intensive companies that produce the raw materials and products driving the…
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