About the Company
BlackRock, Inc. is an American multinational investment company. It is the world's largest asset manager, with $10 trillion in assets under management as of December 31, 2023. Headquartered in New York City, BlackRock has 78 offices in 38 countries, and clients in 100 countries. BlackRock is the manager of the iShares group of exchange-traded funds, and along with The Vanguard Group and State Street, it is considered to be one of the Big Three index fund managers. Its Aladdin software keeps track of investment portfolios for many major financial institutions and its BlackRock Solutions division provides financial risk management services. The head of Aladdin is Sudhir Nair. As of 2023, BlackRock was ranked 229th on the Fortune 500 list of the largest United States corporations by revenue. BlackRock has sought to position itself as an industry leader in environmental, social, and corporate governance (ESG). It has been criticized for investing in companies that are involved in fossil fuels, the arms industry, the People's Liberation Army and human rights violations in China. Others have scrutinized BlackRock for its efforts to reduce its investments in companies that have been accused of contributing to climate change and gun violence and its promotion of gender diversity; the U.S. states of West Virginia, Florida, and Louisiana have divested money away from or refuse to do business with the firm because of its ESG policies. The company has also faced criticism for its close ties with the Federal Reserve during the COVID-19 pandemic.
Exchange
NYSE
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Latest $BLK News
BlackRock-Backed $1.4 Billion Fund Proves There's Cash to Make in Climate Tech
Climate-focused investor Decarbonization Partners, a tie-up between BlackRock and Singaporean state investment firm Temasek, ...
Advice to BlackRock: Attack the problem, not your customer
The Texas Permanent School Fund was right to distance itself from the investment fund BlackRock. BlackRock is boycotting ...
BlackRock Plans First Mutual Fund-to-ETF Flip In Sign of Times
BlackRock Inc. laid out plans for its first mutual fund-to-ETF conversion this week, joining a growing list of asset managers ...
Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
MAJOR SHAREHOLDER ANNOUNCEMENTS25 APRIL 2024 at 16.30 EEST Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.) Orion Corporation has received a ...
BlackRock’s LifePath Paycheck only available in DC plans for now, but ‘stay tuned,’ exec says
BlackRock believes LifePath Paycheck “will one day be the default retirement investment strategy, providing access to a ...
BlackRock Converts $700 Million Fund to ETF in Response to Investor Demand
BlackRock Inc., the biggest asset manager globally, said it will change the BlackRock International Dividend Fund, worth over $700 million, into an exchange-traded fund (ETF) by November. This is part ...
BlackRock doubles down on India bet, signs new JV with Ambani's Jio Financial
Jio Financial Services said on Monday that it had entered into a new joint venture (JV) with U.S.-based BlackRock Inc to set ...
Tennessee v. BlackRock: How this Case Informs How We Look Back and Look Ahead at ESG
About one year ago, in March 2023, twenty-one Republican Attorneys General sent a letter to asset managers, including BlackRock, Inc., asserting breaches of their fiduciary duties and violations of ...
BlackRock Now Manages Nearly $10.5 Trillion in Assets
Shares of BlackRock rose about 2% premarket after the world’s largest asset manager reported first-quarter earnings that beat ...
Jio Financial, Blackrock form JV to set up wealth management and broking business
India's Jio Financial Services has entered into a joint venture with U.S.-based BlackRock Inc to set up a wealth management ...
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