Newsmakers
Yeah, and Larry Fink Doesn’t Like Remote Work, Either
BlackRock chief says homebound labor stifles cooperation and erodes corporate culture.
Tag: BlackRock
Pensions
Pennsylvania Teachers’ Pension Sheds $2 Billion in Risky Investments
Move receives praise from State Treasurer Joe Torsella.
Asset Management Culture
China OKs BlackRock, Temasek Joint Wealth Management Venture
The decision was approved by the country’s banking regulatory authority in the first half of the year.
Alternatives
Majority of REITs Will Experience Water Scarcity by 2030, BlackRock Says
Properties built in the Southwest, as well as abroad in places such as Australia, Hong Kong, and Malaysia, will have to compete more for water resources in the next decade, report finds.
Asset Management Culture
Why Soros, Singer, Paulson (but Not Dalio or Buffett) May Soon Be Exempt from Disclosing Stock Holdings
SEC proposal would lift reporting threshold to $3.5 billion, from $100 million now.
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.
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.