How Managers of Pension Funds, OCIOs Are Approaching Risk
Whether aiming to transfer or reduce risk or looking to diversify, managers are considering a wide range of options, including private credit.
Tag: BlackRock
Research
Kellogg Foundation Offers a How-To on DEI for Finance Employers
Pointing to low levels of diversity among money managers and private equity firms, it gives examples of successful programs that boost diversity.
Asset Allocation
NGO Study IDs Vanguard, BlackRock as Big Climate-Change Villains
A report from environmentalists knocks the two asset managers for investing heavily in fossil fuel companies, despite their pro-ESG stances.
News
Direct Indexing Grows, but Plans Don’t Vary Much, Morningstar Says
Wall Street firms trot out their own versions or buy smaller providers to meet demand.
Corporate Moves
Storm-Tossed BlackRock Still Eyes Acquisitions
The world's biggest asset manager has expanded in the past when times were tough, its executives say.
Asset Allocation
NY Common Commits $1 Billion to BlackRock Public Equity Fund
The investment accounts for half of the $242 billion pension fund’s January commitments.
Regulation
Congress Adds Fuel to Anti-ESG Fire
The joint resolution, which President Joe Biden has said he will veto, increases the heat in the U.S. on ESG investing, and asset managers see risks.
Asset Allocation
Kentucky Retirement System Trustees Say It Is Not Subject to State’s Anti-ESG Law
The board of the County Employees Retirement System informed Kentucky’s treasurer that the 2022 law conflicts with CERS’ fiduciary duties.
Newsmakers
Oklahoma Taking Names as It Seeks to Weed Out ESG Investors
State Treasurer Todd Russ is making a list of companies that break the state’s anti-ESG law.
Manager Selection
NTAM Names BlackRock Exec as New President
Daniel Gamba replaces Shundrawn Thomas, who left last summer, at Northern Trust’s asset management arm.
Research
Recessions May Be Mild, but Market Reactions Aren’t
BlackRock forecasts a 1% economic contraction this year. The question: How will investors respond?
Newsmakers
Kentucky Treasurer Targets 11 Firms for ‘Energy Company Boycotts’
BlackRock, Citigroup and JPMorgan Chase have all been threatened with state divestment due to alleged fossil-fuel bias.
Research
Gender Diversity on Company Boards Improves Due to Pressure from Big Three Asset Managers
An NBER study shows the push by Vanguard, BlackRock and State Street has rippled through corporate America.
Newsmakers
BlackRock’s Red-State Woes Continue as Florida Divests
Florida’s CFO freezes assets managed by BlackRock and says by early 2023, the state will have divested fully from the world’s largest asset manager.
Asset Allocation
BlackRock’s Suggested 2023 Buys: Investment Grade Corporates and Just 2 Other Bond Types
Still-high inflation and an expected recession call for slighting stocks and most other categories, the asset kingpin advises.