Pensions
PME Pensioenfonds Terminates $5.9B BlackRock Mandate
The $70 billion pension fund for Dutch retirees in the metals and technology sector is the latest to drop the asset manager due to climate concerns.
Tag: BlackRock
Alternatives
BlackRock AUM Surges Past $13T, Alts Investments Double
The world’s largest asset manager saw year-over-year assets under management grow 17%, while client assets in alternative investments more than doubled due to recent acquisitions.
Newsmakers
TIAA Hires ex-BlackRock Retirement Head for Business Development
Rob Crothers will lead efforts to develop strategic partnerships for guaranteed income and more.
Asset Allocation
Mega Investors Sold Millions of Google Shares Just Before Stock Soared
BlackRock, J.P. Morgan and CPP Investments are among the institutional investors that potentially missed out on billions of dollars in short-term gains.
Manager Selection
Dutch Pension PZFW Terminates BlackRock, AQR, L&G Mandates Amidst Portfolio Reshuffle
The trio were dropped as equity managers as the fund looks to active investing.
Asset Allocation
Geopolitical Risks Force Family Offices Into Liquid Alternatives, Cash
A BlackRock survey found that family offices are diversifying away from U.S. equities.
Alternatives
BlackRock, Fidelity, Grayscale Dominate Crypto ETF Assets Amidst Institutional Interest
The firms’ offerings made up 85% of all crypto AUM, while separate research found 75% of investors expect cryptocurrency to soon become part of institutional allocations.
Corporate Moves
BlackRock Aims for $400B in Private Market Fundraising by 2030
The manager wants to expand its alternative investment offerings to wealth managers and aims to be the world’s largest cryptocurrency asset manager.
Corporate Moves
Kuwait Investment Authority Joins AI Infra Partnership With BlackRock, Microsoft
The firms, along with MGX, plan to mobilize $100 billion to scale data centers.
DOJ, FTC Side Against Largest Asset Managers in ESG-Related Coal Suit
BlackRock, State Street and Vanguard are accused of suppressing prices in the coal market, and the DOJ has weighed in.
Market Moves
Institutional Investors Drive Surge in Bond ETFs
BlackRock expects bond ETF assets to more than triple to $6 trillion worldwide within five years.
Pensions
BlackRock Foundation Commits $2M to Nest Insight
The three-year agreement aims to help increase savings for U.K. households.
Newsmakers
Larry Fink Calls for ‘Democratization of Investing’
The BlackRock chief, in his annual letter, wrote that he wants more people to become investors and more investors to access the private markets.
Pensions
Dutch Pension Fund Seeks Divestment from BlackRock
PME Pensioenfonds is considering the future of the 5 billion euros it has with the asset manager after it left the Net-Zero Asset Managers Initiative.
Asset Management Culture
Net Zero Asset Managers Initiative Pauses Activities Following BlackRock Exit
The NZAM suspended activities and removed an online signatory list while reviewing how the organization fits into a ‘new global context.’