BlackRock
Some of the key events about BlackRock
- 1988Founded as a risk management and fixed income institutional asset manager
- 1988Faced criticism for aggressive trading strategies in mortgage-backed securities during savings and loan crisis
- 1999Launched its first retail mutual funds
- 2000Acquired State Street Research & Management, expanding its mutual fund business
- 2006Merged with Merrill Lynch Investment Managers, significantly expanding its global presence
- 2008Acquired Barclays Global Investors, raising concerns about market concentration
- 2009Acquired Barclays Global Investors, becoming the world's largest asset manager
- 2009Received controversy for managing toxic assets from Bear Stearns and AIG bailouts
- 2012Launched the iShares Core series, offering low-cost ETFs to retail investors
- 2012Fined $340,000 by the SEC for improperly disclosing conflicts of interest
- 2014Criticized for potential conflicts of interest in its stock analyses and corporate governance research
- 2015Acquired FutureAdvisor, entering the digital wealth management space
- 2015Fined $12 million by the SEC for failing to disclose a conflict of interest
- 2017Launched the Aladdin Risk for Wealth Management platform, extending its risk management technology to financial advisors
- 2017Faced scrutiny for its dual role as both shareholder and advisor to companies
- 2018Criticized for inadequate oversight of gun manufacturers in its index funds
- 2019Investigated by Congress for potential anticompetitive behavior in the ETF market
- 2020Committed to make sustainability its new standard for investing
- 2020Faced backlash for inconsistencies between climate change rhetoric and fossil fuel investments
- 2021Launched the BlackRock Impact Opportunities Fund to support businesses and projects owned by underrepresented groups
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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Indian Shares Poised for Rebound After Five-Day Decline
Indian stock market expected to open higher following strong U. S. jobs data. Investors may view recent correction as buying opportunity despite ongoing Middle East tensions.
UK Pension Funds Embrace 'LDI 2.0' Strategy Two Years Post-Crisis
Two years after a market crisis threatened UK pensions, the Liability Driven Investment strategy is gaining popularity. Providers claim improved safety measures, while regulators maintain vigilance over the £2 trillion industry.
Tech Giants' Green Energy Gamble: Powering AI's Future
Major tech companies are rapidly securing green energy for AI data centers, balancing innovation with financial risks. The surge in power needs raises questions about sustainability and profitability in the AI era.
Debunking False Claims: Trump Assassination Suspect Not in BlackRock Ad
Fact-checkers refute social media claims linking Ryan Routh, suspect in Trump assassination attempt, to BlackRock ad. Video actually shows Routh at pro-Ukraine protest in Kyiv.
BlackRock's Bold Bet: Revolutionizing Private Market Investing
BlackRock aims to transform alternative assets with index-like products, following its $3. 2 billion Preqin acquisition. Despite challenges, the potential for democratizing private markets drives this ambitious strategy.
US SIF CEO Navigates ESG Investing Landscape Amid Political Challenges
Maria Lettini, CEO of US SIF, discusses the state of sustainable investing in the US compared to Europe, addressing ESG backlash and political challenges while emphasizing the industry's resilience and growth.
Bajaj Housing Finance's IPO Surge Raises Questions About Indian Market Valuations
Bajaj Housing Finance's shares soar 125% on debut, reflecting strong demand in India's mortgage market. The $16 billion valuation sparks concerns about broader market trends and sustainability of the rally.
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Swedish battery maker Northvolt scales back operations, sparking doubts about Europe's EV battery production capabilities. The company's struggles highlight the continent's dependence on Asian suppliers.
MSCI's ESG Growth Slows: A Barometer for Sustainable Finance Trends
MSCI's ESG segment faces growth challenges amid broader sustainable finance headwinds. Despite slowing revenue, the company remains committed to ESG, citing long-term opportunities in the evolving market landscape.
Exxon CEO Warns Activists, Defends Legal Action on Climate Proposals
Exxon's CEO cautions activist shareholders about climate-related proposals, defending the company's legal actions. He emphasizes balancing emissions concerns with global energy needs and suggests a carbon accounting system.
Bajaj Housing Finance's $782M IPO Set to Launch Amid Strong Investor Interest
Bajaj Housing Finance's $782 million IPO opens for public subscription, attracting major institutional investors. The offering is poised to make the company India's most valuable listed home loan provider.
Nonprofit Sues Texas Over Law Targeting Fossil Fuel-Conscious Businesses
A nonprofit has filed a lawsuit against Texas, challenging a law that restricts state investments in companies supporting reduced fossil fuel use. The case highlights tensions between environmental policies and state regulations.
BlackRock Cuts Support for Environmental and Social Shareholder Proposals
BlackRock, the world's largest asset manager, reduced its backing for environmental and social shareholder proposals to 4% in the recent AGM season. Overall support for shareholder resolutions increased due to governance-related issues.
Chinese Investors Rush for Offshore Investments, Straining QDII Quotas
Chinese demand for offshore investments surges, challenging QDII quota limits. Foreign firms employ creative strategies to manage quotas as investors seek alternatives to sluggish domestic markets.
NYSE Proposal to Eliminate Closed-End Fund Meetings Sparks Debate
NYSE's proposal to exempt closed-end funds from annual shareholder meetings faces opposition. Critics argue it could limit investor rights and protect underperforming funds from activist challenges.
Coinbase Q2 Revenue Soars Amid Crypto Market Resurgence
Coinbase reports substantial Q2 revenue growth, driven by increased trading volumes and regulatory approvals for crypto ETFs. The company sees gains in transaction and subscription revenues.