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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, with US$11.5 trillion in assets under management as of December 31, 2023. [1]
In December 2009, BlackRock purchased Barclays Global Investors, at which point the company became the largest money-management firm in the world. [3] Despite his great influence, Fink is not widely known publicly, apart from his regular appearances on CNBC. [3] BlackRock paid Fink $23.6 million in 2010, [19] and $36 million in 2021. [20]
iShares is a collection of exchange-traded funds (ETFs) managed by BlackRock, which acquired the brand and business from Barclays in 2009. The first iShares ETFs were known as World Equity Benchmark Shares (WEBS) but have since been rebranded. [1] Most iShares funds track a bond or stock market index, although some are actively managed.
BlackRock has clinched its third big acquisition this year. The world’s largest asset manager is buying HPS Investment Partners in a $12 billion all stock bid to create a leading global credit ...
Bond giant BlackRock tops the list at 6.7% ownership, followed by Pine River Capital Management at 2.5%, Bank of New York Mellon's asset management arm at 2.3%, The Vanguard Group at 2.2%, and ...
But BlackRock CEO Larry Fink’s 2020 letter saying that the world’s largest asset manager would put sustainability at the center of its investment approach—and pushing other business leaders ...
Firm/company Country Assets Under Management (billion USD) 1 BlackRock: United States 10,473 2 Vanguard Group: United States 9,300 3 Fidelity Investments: United States 5,303 4 State Street Global Advisors: United States 4,340 5 Morgan Stanley: United States 3,629 6 JPMorgan Chase: United States 3,564 7 Crédit Agricole (which includes Amundi ...
Company: BlackRock Title: Chairman & CEO 2024 company ranking: No. 231. Fink co-founded BlackRock in 1988 after his departure from investment bank First Boston. He and his fellow co-founders ...