Thomas Gahan will step up at Western Asset Management Co., effective immediately, while James Hirschman moves up to chairman.
Economic factors, especially Chinese demand destruction and the growth of renewables, are flattening demand and increasing market volatility for fossil fuels.
Economic factors, especially Chinese demand destruction and the growth of renewables, are flattening demand and increasing market volatility for fossil fuels.
The deal to purchase the private credit manager for $12 billion will see BlackRock’s credit assets grow by $148 billion.
The pension fund added MEG Energy from Canada and EOG Resources from the U.S. to its banned ledger of 110 companies.
11 states filed a complaint against BlackRock, State Street and Vanguard for undermining publicly traded coal companies.
Per a survey from Managing Partners Group, 99% of investors plan to increase fixed income allocations over the next 18 months.