Market Moves
Projections of an Earnings Upsurge Are Too Rosy, BlackRock Warns
Big tech mega caps skew the profits picture, and stripping them out makes the outlook flat.
Tag: BlackRock
Market Moves
Inverted Yield Curve Nears Its First Birthday—and There’s No Recession
Some strategists say pandemic spending and other factors have severed the historic sequence.
Asset Allocation
Insurers Tap Money Managers for Opportunities in Real Estate, Private Credit Markets
A recent surge in home construction has insurers eyeing investment opportunities in the single-family and multi-family residential sectors.
Newsmakers
Samantha DeZur Promoted to Head of BlackRock US Public Policy Unit
The asset manager overhauls the leadership of its federal and state policy advocacy group.
Regulation
Pensions, Asset Managers Broadly Support Tick-Size, Access Fee Updates
The SEC proposed reducing exchange access fees and pricing increments for tick-constrained symbols in December 2022.
Asset Allocation
New York’s State Pension Commits $2B in Investments in April
Nearly $900 million has been earmarked for investments with the pension giant’s credit portfolio.
How Managers of Pension Funds, OCIOs Are Approaching Risk
Whether aiming to transfer or reduce risk or looking to diversify, managers are considering a wide range of options, including private credit.
Research
Kellogg Foundation Offers a How-To on DEI for Finance Employers
Pointing to low levels of diversity among money managers and private equity firms, it gives examples of successful programs that boost diversity.
Asset Allocation
NGO Study IDs Vanguard, BlackRock as Big Climate-Change Villains
A report from environmentalists knocks the two asset managers for investing heavily in fossil fuel companies, despite their pro-ESG stances.
News
Direct Indexing Grows, but Plans Don’t Vary Much, Morningstar Says
Wall Street firms trot out their own versions or buy smaller providers to meet demand.
Corporate Moves
Storm-Tossed BlackRock Still Eyes Acquisitions
The world's biggest asset manager has expanded in the past when times were tough, its executives say.
Asset Allocation
NY Common Commits $1 Billion to BlackRock Public Equity Fund
The investment accounts for half of the $242 billion pension fund’s January commitments.
Regulation
Congress Adds Fuel to Anti-ESG Fire
The joint resolution, which President Joe Biden has said he will veto, increases the heat in the U.S. on ESG investing, and asset managers see risks.
Asset Allocation
Kentucky Retirement System Trustees Say It Is Not Subject to State’s Anti-ESG Law
The board of the County Employees Retirement System informed Kentucky’s treasurer that the 2022 law conflicts with CERS’ fiduciary duties.
Newsmakers
Oklahoma Taking Names as It Seeks to Weed Out ESG Investors
State Treasurer Todd Russ is making a list of companies that break the state’s anti-ESG law.