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BlackRock, Inc. is an American multinational investment company.Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, [1] with US$11.5 trillion in assets under management as of 2024. [4]
Assets managed by BlackRock shot to $11.48 trillion in the period, compared with $9.10 trillion a year earlier and $10.65 trillion in the second quarter, the company said on Friday.
The financial crisis and Aladdin played a significant role in BlackRock's dominant market position today. The US government also placed its trust in Aladdin's risk management during the financial crisis [13] and handed over "toxic assets" worth US$ 130 billion to the financial services provider for management. [14]
An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. [1] [2] [3] ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars.
The HPS deal is BlackRock's third sizable acquisition in 2024, and all involved a deeper push into alternative assets. Earlier this year, it agreed to buy London data provider Preqin for $3.2 ...
(Reuters) -BlackRock Inc posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income ...
However, under a 45-day "go shop" clause, a later bid by BlackRock was announced on 11 June 2009 for the whole of the parent division Barclays Global Investors including iShares, in a mixed cash-stock deal worth around US$13.5 billion (37.8 million shares of common stock and US$6.6 billion in cash). [6] [citation needed]
BlackRock on Thursday projected that by 2030 at least three quarters of its investments in companies and governments will be tied to issuers with a scientific target to cut net greenhouse gas ...