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...For clients who do not opt do so, BlackRock will continue to prioritise financial results, the note said....
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...Roaring equity markets and the popularity of a new spot bitcoin exchange traded fund powered BlackRock to record assets under management of $10.5tn and net income that rose by more than one-third....
...According to the world’s largest asset manager, the launch of the two products offers investors “a powerful combination of BlackRock’s active management capabilities and experience with the breadth and scale...
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...BlackRock has been the main beneficiary of the era of US spot bitcoin exchange traded funds — a move its presence helped to bring about — and has attracted nearly $19bn assets under management, according...
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...BlackRock has scaled back its commitment to Climate Action 100+ while State Street, JPMorgan Asset Management, Pimco and Invesco have withdrawn entirely....
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...*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at igniteseurope.com....
...The FDIC’s interest has spooked the asset management sector....
...We talk a lot about ‘One BlackRock’. This is doubling down on that so we can deliver even more great ideas to our clients more quickly.”...
...More than half of BlackRock’s $10tn in assets under management are retirement savings, including institutional pension funds, corporate defined contribution plans known as 401(k)s and individual accounts...
...“Further discussions on this topic should involve all of the banking regulators and be informed by discussions with the asset management community.”...
...Liontrust’s fortunes illustrate how M&A is not a panacea for the challenges facing the fund management industry....
...Fink called Martin Small, BlackRock’s chief financial officer, from his mobile phone shortly afterwards....
...The history of combinations in financial services is littered with examples where the prized assets quickly walked out the door....
...financial incentives for new infrastructure technologies and projects.”...
...ETFs accounted for 51 per cent of underlying assets at the end of last year, up from 46.7 per cent in early 2022, according to data from Broadridge Financial Solutions, a financial technology company, which...
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...That pushed the discount rate as high as 17 per cent, its widest since the financial crisis....
...GIP president Raj Rao and BlackRock chief financial officer Martin Small will lead the integration process....
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