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Reduced participation means none of top five money managers fully back Climate Action 100+
Discussions about a possible strategic partnership foundered over two firms’ competing visions
As opinions shift, asset managers like BlackRock are talking more about maximising returns than about saving the world
Finra proposal would allow performance projections in marketing to wealthy and institutional investors
World’s largest money manager aims to gain an edge over rivals in race to harness emerging technology
Report points to anxiety after high inflation and volatile markets of past two years
Credit card holders accustomed to fancy perks are in for a rude awakening
BlackRock chief’s annual letter also embraces ‘energy pragmatism’ amid attacks over climate stance
Head of world’s second-largest money manager has overseen rapid growth but faced climate criticism
Large asset managers will end up on the wrong side of history, Washington envoy says
Reorganisation takes aim at money management industry’s poor record of innovation
Investors including former Treasury secretary Steven Mnuchin stand to make hundreds of millions on bailout
Global Infrastructure Partners co-founder steps into the limelight with ‘transformational’ deal
Biz2Credit hopes to use Magnati’s data to broker loans to small businesses in the UAE
Report for 2024 on engagement priorities drops reference to global warming
Fink and Kapito say headcount will increase this year as firm invests in technology and new offerings
Larry Fink and Adebayo Ogunlesi are betting on infrastructure investments to drive private markets
Deal would create world’s second-biggest infrastructure firm and shake up private market investing
...brooke.masters@ft.com Follow Brooke Masters with myFT and on social media...
Move comes as Wall Street bank explores ‘strategic alternatives’ for its consumer business
Funds could start trading as soon as Thursday after months of anticipation and pushback
Fund firms under pressure as investors move into low-cost, high-yielding money market funds
Vivek Ramaswamy and Ron DeSantis attacked US asset manager in effort to bolster ‘anti-woke’ credentials
World’s largest asset manager publishes report as critics attack ESG factors in investing
...The FT’s US financial editor Brooke Masters and US private capital correspondent Antoine Gara explain why BlackRock wanted GIP, and how this deal sets the agenda for Wall Street this year....
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