BlackRock separates from one of Larry Fink’s proteges

BlackRock separates from one of Larry Fink’s proteges

The American asset management giant has announced internally the departure of Mark Wiseman, the head of active management. He had not declared a relationship with an employee of the company. He was one of the executives tipped to succeed Larry Fink. This is yet another blow for the world’s largest asset manager. BlackRock has announced internally the departure of its global boss of active management, Mark Wiseman, without naming a replacement at this time. The…

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BlackRock, bête noire of opponents of pension reform

The largest asset manager in the world is accused by several media of having influenced pension reform to serve its own interests, an argument that resonates in Parliament. It is a controversy that BlackRock would have done well. In recent days, the world’s leading asset manager has found himself caught up in the debates around pension reform. “BlackRock blows its advice for capitalization to the ear of power,” denounces Mediapart, which accuses the manager of…

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What BlackRock really said about pensions in France

What BlackRock really said about pensions in France

The rise to the rank of officer of the Legion of Honor of the boss of BlackRock France on Wednesday revived the controversy which accuses the fund of being in the maneuver, in the shadows, for the writing of the pension reform . The asset management giant has never hidden from being interested, like its competitors, in the retirement savings market in France. In addition to a strike of historic duration, the government is facing…

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The BlackRock controversy explained with smarties

The BlackRock controversy explained with smarties

BlackRock is accused by some of being in a pole position to take advantage of the pension reform presented by the government. But the French market represents only a tiny part of the totality of the assets it manages. On the other hand, it is a market doomed to grow. The remarks of the Secretary of State did not fail to react. Agnès Pannier-Runacher on Thursday denied the role that is attributed to the American…

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Climate: in the face of criticism, BlackRock corrects the situation

Climate: in the face of criticism, BlackRock corrects the situation

BlackRock, the global leader in asset management, has joined Climate Action 100 +, an organization of more than 370 investors who want to push the world of finance to act for the environment. The American manager wants to silence the accusations of “greenwashing”. BlackRock wants to restore its image. The global asset management giant joined the influential investor group Climate Action 100 + on Thursday, committing to do more to strengthen the consideration of environmental…

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BlackRock largely dominates the ETF market in Europe

BlackRock largely dominates the ETF market in Europe

A record year for listed index funds (ETFs), 2019 saw BlackRock easily maintain its dominant position in Europe, and Lyxor lose ground. 2019 was the year of all records for listed index funds (ETFs) in Europe. The threshold of 1,000 billion dollars invested in these products that have revolutionized the asset management landscape was crossed at the end of the year, representing growth of more than 30% in one year, allowing most providers to boast…

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BlackRock in the sights of the Sisters of Mercy

BlackRock in the sights of the Sisters of Mercy

The Order of American Nuns last month tabled a resolution for BlackRock’s general assembly asking it to review its voting policy on climate resolutions. The American giant will have to show white paws during the next AG season. The ecological conversion of BlackRock is far from an epiphany. The world’s largest manager has been targeted more and more frequently in recent months, in France and elsewhere. Lately, it is an order of American nuns, the…

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In 2019, BlackRock Raised Over $ 1 Billion Per Day

In 2019, BlackRock Raised Over $ 1 Billion Per Day

The asset manager saw its assets under management swell to some $ 429 billion in 2019, a record growth of nearly 25%. The assets managed by the American giant are approaching 7.500 billion dollars. Over a billion dollars collected per day. BlackRock, already the world’s leading asset manager, attracted record new cash flows to manage in 2019, which has resulted in a strong financial performance. The US giant posted annual revenue of $ 14.54 billion,…

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When the Fed calls on BlackRock for its asset buybacks

When the Fed calls on BlackRock for its asset buybacks

The world’s leading asset manager will manage several asset purchase programs on behalf of the Federal Reserve, including corporate bonds. BlackRock had already assisted the Fed during the 2008 crisis, and more recently the ECB. When times are tough, central banks turn to BlackRock. The Federal Reserve said on Tuesday it had called on the company to take over several of its new asset purchase programs. A new mark of the influence of the largest…

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BlackRock’s largest shareholder withdraws

BlackRock’s largest shareholder withdraws

PNC Financial bank announced its intention to sell the 22.4% it had held in the world leader in asset management since 1995. It then paid $ 240 million for an investment valued today at 17 billion. It’s the end of an era at BlackRock. The world leader in asset management has announced that its main shareholder, PNC Financial, is selling its shares. The Philadelphia-based regional bank, the ninth-largest US bank in terms of assets, held…

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