BlackRock to Double Down on Climate Offenders in 2021
The firm will boost shareholder challenges in 2021 over sustainability issues and expand its probes to twice as many companies as before.
Tag: Larry Fink
Newsmakers
Yeah, and Larry Fink Doesn’t Like Remote Work, Either
BlackRock chief says homebound labor stifles cooperation and erodes corporate culture.
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.
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.
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.
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.
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.
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.