Newsmakers
Black-Owned Asset Manager Sues NJ Pension Fund, BlackRock for Racial Bias
State officials purportedly admitted the agency had ‘an aversion’ to minority-owned firms, the lawsuit says.
Tag: BlackRock
Asset Management Culture
CPPIB Ex-Chief Mark Wiseman Named AIMCo Board Chair
The industry head joins the Alberta investment manager just as the province is considering seceding from the national plan.
Regulation
Movie Producer Accused of Defrauding BlackRock Fund
William Sadleir was arrested after allegedly using BlackRock investment to buy a mansion and a Tesla.
Asset Management Culture
Northern Trust Joins Asset Servicing Unit to BlackRock’s Aladdin
The Chicago firm is the latest to integrate its tools to the portfolio management software.
Asset Management Culture
Fighting Climate Risk More Popular in Finance Industry Boardrooms, Survey Says
In GARP poll, 90% of boards were involved in sustainability efforts.
Alternatives
ESG Proves to Be Safe Haven During Times of Turmoil
Research from BlackRock, Bank of America shows ESG outperformed during Q1 market meltdown.
Coronavirus - COVID-19
BlackRock CEO Believes Economy Will ‘Recover Steadily’
Larry Fink says pandemic has sparked re-evaluation of global economy and that ‘the world will be different’ post COVID-19.
Asset Allocation
BlackRock, While Predicting ‘Sharp’ Recovery, Is Building a Strong Cash Position
The $7.4 trillion asset manager sees cash as a guard against further shocks, leading a trend sweeping corporate America.
Asset Management Culture
BlackRock to Hold Directors’ Feet to the Fire
World’s largest asset manager will seek to oust those who don’t meet the firm’s sustainable criteria.
Asset Management Culture
BlackRock Commits $50M to Coronavirus Relief Efforts
The institutional investor joins firms such as JPMorgan in mobilizing around the relief effort.
COVID-19 Shifts the Health Care Conversation, But Innovation Perseveres
Opportunities abound for long-term investors.
Alternatives
BlackRock Converts Money Market Portfolio to Environmental Fund
Fund will invest 80% in securities that meet its environmental criteria and contribute to the World Wildlife Fund.
Asset Allocation
BlackRock Changes Global Outlook Due to Coronavirus
The world’s largest asset manager said it’s reducing cyclical exposures to global assets, such as emerging markets and Japan.
Market Moves
Energy Stocks Are Doomed, Warns Savant Jeremy Grantham
GMO co-founder, a climate change activist, compares their paltry returns to the S&P 500’s tripling over 10 years.
Asset Allocation
BlackRock Makes Sustainability the Focus of its Investment Strategy
CEO Larry Fink says investment risk and climate risk are one and the same.