Pensions
Shell to Outsource $30B Pension to BlackRock
The OCIO transaction will cover 30,000 members of Stichting Shell Pensioenfonds.
Tag: BlackRock
Asset Allocation
Data Centers, Student and Senior Housing Will Be Hot Areas, Says Investment Chief
Both the need to build infrastructure and demographic changes will drive real asset ‘tailwinds,’ says Harrison Street’s Merrill.
Alternatives
BlackRock to Acquire Alternatives Data Provider Preqin
The $3.2 billion deal is expected to close before the end of the year.
Research
How the Fed’s Balance Sheet Reduction Could Thwart Easing of Policy Rate
Lowering its stash of long-dated bonds would have an impact on long-term yields, BlackRock finds.
Asset Allocation
Institutional Investors Reaffirm Support for Climate Action 100+ Following Departures
Despite the exit of some major firms, asset managers representing $4.6 trillion say they remain committed to the initiative.
Newsmakers
Church Commissioners for England Appoints Poppy Allonby as Endowment CIO
Allonby’s appointment as investment chief of the $12.74 billion fund is effective September.
Manager Selection
BlackRock, Temasek JV Fund Surpasses Target With $1.4 Billion Close
Decarbonization Partners aims to invest in firms that support the acceleration of decarbonization.
Asset Allocation
Irony: BlackRock, Shunned by U.S. Energy-Producing States, Teams Up With Oil-Rich Saudi Arabia
The kingdom, one of the top producers of carbon-based fuel, and the asset management kingpin form an investment partnership.
Research
What Does Moody’s Bad Outlook for 3 Key BDCs Mean for Private Credit?
Maybe not much. The business development company stock index has kept climbing, regardless.
Asset Allocation
How to Invest in the Future of Artificial Intelligence
What’s next after chatbots? Practical, perhaps profitable, uses, such as in health care, power generation and manufacturing.
Regulation
Mississippi Seeks to Fine BlackRock Over ESG Funds
The state’s order claims that the asset manager misled investors in marketing non-ESG index funds.
Pensions
Takeaways From BlackRock CEO Fink’s Annual Letter
The longtime leader highlighted his own background as a reason to stress solutions for a looming retirement crisis.
Risk
Texas Fund’s BlackRock Pullout Marks Latest Anti-ESG Broadside
A Republican-led backlash, including laws to undermine sustainability efforts in 17 states, may be having some results.
Asset Allocation
Truce Over: Texas School Fund to Ax $8.5B in BlackRock Investments
Despite seeming goodwill blooming with GOP officials in Texas, the asset management firm still draws ire due to ESG considerations.
Asset Allocation
BlackRock’s Fink Strikes Truce With Texas
After the Lone Star State blacklisted the asset manager over a fossil fuels issue, the firm’s ESG-minded CEO offers big bucks to improve the state's power grid.