Newsmakers
Larry Fink: Supercharge Economy Through Infrastructure, AI Investing
Speaking at SIFMA’s annual meeting, the BlackRock head suggested utilizing capital markets to grow the economy above the trend line.
Tag: Larry Fink
Alternatives
BlackRock to Acquire Alternatives Data Provider Preqin
The $3.2 billion deal is expected to close before the end of the year.
Manager Selection
BlackRock, Temasek JV Fund Surpasses Target With $1.4 Billion Close
Decarbonization Partners aims to invest in firms that support the acceleration of decarbonization.
Asset Allocation
Irony: BlackRock, Shunned by U.S. Energy-Producing States, Teams Up With Oil-Rich Saudi Arabia
The kingdom, one of the top producers of carbon-based fuel, and the asset management kingpin form an investment partnership.
Market Moves
The Longevity Question
How will institutional investors adapt to a population that is living longer?
Pensions
Takeaways From BlackRock CEO Fink’s Annual Letter
The longtime leader highlighted his own background as a reason to stress solutions for a looming retirement crisis.
Asset Allocation
Truce Over: Texas School Fund to Ax $8.5B in BlackRock Investments
Despite seeming goodwill blooming with GOP officials in Texas, the asset management firm still draws ire due to ESG considerations.
Asset Allocation
BlackRock’s Fink Strikes Truce With Texas
After the Lone Star State blacklisted the asset manager over a fossil fuels issue, the firm’s ESG-minded CEO offers big bucks to improve the state's power grid.
UAE Plans $30B Climate Fund With Partners BlackRock, Brookfield, TPG
The Alterra fund aims to invest $250 billion by the end of the decade, focusing on ‘global climate solutions’ in emerging markets and less-developed economies.
Corporate Moves
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.
Asset Allocation
BlackRock Launches New Zealand Strategy for Institutional Investors
The firm aims to raise $1.2 billion to invest in the country’s climate infrastructure.
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.
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.’
Newsmakers
NYC Comptroller Accuses BlackRock of Bailing on Net Zero
Brad Lander says the ‘contradiction between BlackRock’s statements and actions is alarming.’
Newsmakers
Utah Treasurer Pulls $100 Million Out of BlackRock in ESG Protest
Marlo Oaks is ‘committed to pushing back against ESG,’ which he claims is a left-wing political agenda.