NEST Picks Private Market Managers
UK’s $9.9 billion DC plan expects first capital to deploy in October as it prepares to enter unlisted markets.
Tag: BlackRock
Newsmakers
Energy Institute Blasts BlackRock for Fossil Fuel Losses Despite Renewable Energy Efforts
Report maintains BlackRock lost $90 billion over the past decade due to fossil fuel investments; firm says conclusions are ‘misplaced.’
US Sustainable Fund Investment Soars to Record High in H1 2019
The $8.9 billion in inflows in the first six months smashes 2018’s full-year record.
Newsmakers
Wide Index Use Means ESG-Minded Investors Own Private Prison Stocks
That’s how lock-up companies, in poor odor lately, end up in top pension portfolios.
BlackRock Assets Surpass $6 Trillion
World’s largest asset manager got a big Q1 boost, thanks to fixed income, even though equities dimmed.
BlackRock Consolidates Departments, Elevates Execs in Strategic Revamp
The asset management giant reshapes lines of authority and highlight alts as it gears up for a Fink-less tomorrow.
Newsmakers
Malinowski: ESG Policy Changes at BlackRock an Improvement
Seattle City Employees’ Retirement System removes the largest money manager from its watchlist.
BlackRock Laying Off 3% of Staff Amid Market Concerns
The asset management titan plans to make ‘additional changes’ in the coming weeks.
CalPERS Scraps Outsourcing Private Equity Program
BlackRock and other investment firms were vying to manage all or part of the largest private equity program in the US.
Corporate Moves
BlackRock Capital Investment CEO Michael Zugay Resigns
Chairman James Keenan named as the company’s new chief.
Corporate, Public Pensions’ Futures Diverge
Report finds pubic pensions are hunkering down as corporate pensions are winding down.
Asset Allocation
BlackRock to Exclude Gun Makers, Sellers in New Funds
The firm also said it would engage directly with gun makers and retailers.
Manager Selection
CalSTRS’ Ailman Gives BlackRock’s Fink an “Ovation”
Larry Fink’s letter to business leaders calls for higher ESG standards and better board communication.
Asset Allocation
UK Pension Industry Executes Rapid-Fire Stock Sale
De-risking measures prep for possible market shock.
World’s Largest Fund Managers’ Assets Top $80 Trillion
Total AUM for the 500 biggest managers rose 5.8% in 2016.