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…
JAMES PINKERTON: As BlackRock Becomes BlueRock, A RedRock Is Coming
JAMES PINKERTON: As BlackRock Becomes BlueRock, A RedRock Is Coming James P. Pinkerton on December 10, 2022 As with everything else in this country, investment is polarizing, red vs. blue. Just on…
Blackrock says calls for increased overweight in inflation-linked bonds
(Reuters) – Asset manager Blackrock on Wednesday said that a new regime of greater macroeconomic and market volatility means that investors should demand more compensation for taking the same levels of risk…
BlackRock has frozen hires, reduced spending, says CFO
By Carolina Mandl NEW YORK (Reuters) -BlackRock Inc Chief Financial Officer Gary Shedlin on Tuesday said his firm is freezing most hiring and reducing expenses. “We’re trying to be a little more…
BlackRock and Tradeweb Markets partner on credit trading
NEW YORK (Reuters) – The world’s largest asset manager BlackRock Inc and trading platform Tradeweb Markets Inc are partnering to enhance electronic bond trading, the companies said on Tuesday. Users of BlackRock’s…
Florida Takes $2 Billion Away From BlackRock Due To Firm’s Activist Investing Standards
Florida Takes $2 Billion Away From BlackRock Due To Firm’s Activist Investing Standards Jack McEvoy on December 1, 2022 Florida’s Chief Financial Officer Jimmy Patronis announced Thursday that the state will begin…
BlackRock Investment Institute not chasing post-Powell rally
LONDON (Reuters) -BlackRock Investment Institute is not “chasing” the stock rally triggered by Federal Reserve chief Jerome Powell’s latest comments because U.S. interest rates are still likely to stay elevated, its global…
BlackRock backs banks, cuts European, EM debt as part of ‘new playbook’
By Davide Barbuscia and Marc Jones NEW YORK (Reuters) -Asset manager BlackRock has said 2023 will require a new investment playbook, backing banks and energy sectors to do well, while slapping ‘underweights’…
EXCLUSIVE: State Treasurer Who Took On BlackRock Plans Crackdown On Woke Investing As Congressman
EXCLUSIVE: State Treasurer Who Took On BlackRock Plans Crackdown On Woke Investing As Congressman Jack McEvoy on November 29, 2022 During his time as West Virginia State Treasurer, Moore prioritized combating environmental,…
BlackRock expands corporate voting choice to more clients
By Simon Jessop and Ross Kerber LONDON/NEW YORK (Reuters) – BlackRock, the world’s biggest asset manager, said on Thursday it would expand the number of clients eligible to choose how to vote…
BlackRock tells UK ‘no’ to halting investment in coal, oil and gas
LONDON (Reuters) – BlackRock, the world’s biggest asset manager, told a British parliamentary committee that it will not stop investing in coal, oil and gas, and that its role was not to…
Government bonds no safe haven in central bank-driven recession -BlackRock
By Davide Barbuscia NEW YORK (Reuters) – Government bonds may not offer much protection in a recession if surging inflation pressures central banks to continue tightening monetary policy, the BlackRock Investment Institute…
BlackRock creates Transition Capital unit to tap climate opportunities -memo
By Simon Jessop LONDON (Reuters) – BlackRock, the world’s biggest asset manager, has set up a unit called Transition Capital to invest in opportunities linked to the global shift to a low-carbon…
Republican Treasurers Pull $1 Billion From BlackRock Over Alleged Anti-Fossil Fuel Policies
Republican Treasurers Pull $1 Billion From BlackRock Over Alleged Anti-Fossil Fuel Policies Jack McEvoy on October 10, 2022 UPDATE: This piece has been updated to include comment from a Louisiana State…
Louisiana to remove $794 million from BlackRock funds over ESG drive
(Reuters) – Louisiana will pull $794 million out of BlackRock Inc’s funds, state Treasurer John Schroder said on Wednesday, citing the asset management giant’s push to embrace environmental, social and governance (ESG)…
BlackRock CFO Gary Shedlin to step down next year
(Reuters) – BlackRock Inc said on Monday Chief Financial Officer Gary Shedlin would step down on or around March 1 after the firm completes its reporting processes for the fiscal year 2022.…
BlackRock CEO Hails High Energy Prices For ‘Accelerating’ Green Transition
BlackRock CEO Hails High Energy Prices For ‘Accelerating’ Green Transition Harold Hutchison on September 20, 2022 BlackRock CEO Larry Fink said during a forum at the Clinton Global Initiative that increased energy…
BlackRock, bondholders must cancel Zambia debt -economists, experts
JOHANNESBURG (Reuters) – Over 100 economists and development experts on Friday called for asset manager BlackRock and other holders of Zambian bonds to cancel some of that debt, saying continuing to pay…
Former Hollywood executive gets 6 years prison for defrauding BlackRock fund
By Jonathan Stempel NEW YORK (Reuters) -The former head of a Hollywood movie distributor whose films have starred actors such as Halle Berry and Matthew McConaughey was sentenced on Friday to six…
BlackRock defends work with climate groups amid Republican attacks
By Ross Kerber BOSTON (Reuters) – A BlackRock Inc executive said the top asset manager’s work with investment industry groups doesn’t prevent it from making independent decisions for clients, looking to counter…
‘May Violate Multiple State Laws’: Republican AGs Demand BlackRock Answer For Pushing ESG On State Pension Funds
‘May Violate Multiple State Laws’: Republican AGs Demand BlackRock Answer For Pushing ESG On State Pension Funds ‘May Violate Multiple State Laws’: Republican AGs Demand BlackRock Answer For Pushing ESG On State…
West Virginia threatens to bar big banks, Blackrock over perceived fossil fuel boycotts
By Pete Schroeder WASHINGTON – Six of the nation’s largest financial institutions, including JPMorgan Chase, BlackRock Inc, and Wells Fargo, may no longer be allowed to do business with the state of…
Sierra Club warns BlackRock it may pull $12 million over climate stance – letter
By Simon Jessop and Ross Kerber LONDON/BOSTON – Leading U.S. environmental group the Sierra Club has warned BlackRock Inc it may pull a $12 million investment after the money manager said it…
BlackRock, JPMorgan, others tell Texas they don’t boycott energy companies
By Ross Kerber (Reuters) – BlackRock Inc, JPMorgan Chase & Co and other top financial firms have told a Texas official they are not boycotting energy companies, responding to a request for…
BlackRock says it has more than $800 million for new impact fund
By Ross Kerber (Reuters) – Top asset manager BlackRock Inc said on Wednesday it has more than $800 million in commitments for a new impact fund, part of a growing investor focus…
KKR, BlackRock get approval to invest Chinese funds overseas
By Selena Li HONG KONG – KKR and BlackRock have received Chinese regulatory approvals allowing their newly formed local units to raise funds for investing overseas, official filings showed. The approvals are…
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