
BlackRock to Develop World’s Largest Direct Air Capture Plant With Occidental
The asset manager is investing $550 million in a joint venture with the oil and gas giant’s 1PointFive subsidiary.
The asset manager is investing $550 million in a joint venture with the oil and gas giant’s 1PointFive subsidiary.
Use of smart contracts expected to bring rigor to voluntary carbon credit market.
Blackstone Credit & Insurance could help push the firm to $2 trillion AUM.
The duo will retain their current duties under former CEO Eric Adler, who will helm newly formed PGIM Private Alternatives.
The economist was a key player at Columbia Threadneedle.
He will succeed Rupal Bhansali, who is leaving to start her own firm.
Leo Grohowski will retire at the end of the year after 16 years leading the firm’s investment strategy.