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.
Tag: BlackRock
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.
Manager Selection
NTAM Names BlackRock Exec as New President
Daniel Gamba replaces Shundrawn Thomas, who left last summer, at Northern Trust’s asset management arm.
Research
Recessions May Be Mild, but Market Reactions Aren’t
BlackRock forecasts a 1% economic contraction this year. The question: How will investors respond?
Newsmakers
Kentucky Treasurer Targets 11 Firms for ‘Energy Company Boycotts’
BlackRock, Citigroup and JPMorgan Chase have all been threatened with state divestment due to alleged fossil-fuel bias.
Research
Gender Diversity on Company Boards Improves Due to Pressure from Big Three Asset Managers
An NBER study shows the push by Vanguard, BlackRock and State Street has rippled through corporate America.
Newsmakers
BlackRock’s Red-State Woes Continue as Florida Divests
Florida’s CFO freezes assets managed by BlackRock and says by early 2023, the state will have divested fully from the world’s largest asset manager.
Asset Allocation
BlackRock’s Suggested 2023 Buys: Investment Grade Corporates and Just 2 Other Bond Types
Still-high inflation and an expected recession call for slighting stocks and most other categories, the asset kingpin advises.
Newsmakers
BlackRock Signs Infrastructure Deal With Saudi Sovereign Wealth Fund
World’s largest asset manager and $620 billion fund will target Middle East projects.
Regulation
Republican Senators Escalate Warnings to ESG Actors
New warnings of investigations and hearings for ESG actors arrive from Republican Senators.
What Consultants Tell Clients About Navigating Treacherous ESG Shoals
Asset allocators and managers need guidance at a time sustainability has become a hot political topic.
Newsmakers
Missouri Divests $500 Million From BlackRock as GOP Backlash Over ESG Grows
In less than a month, four states have pulled over $1.5 billion out of BlackRock investments in protest over a ‘woke political agenda.’
Research
500 Largest Asset Managers Increase Assets by 10.2% in Past Year
The Thinking Ahead Institute’s report found that assets at the Top 500 asset managers hit $131 trillion in assets under management in 2021.