BlackRock Inc. (BLK) has completed the acquisition of SpiderRock Advisors, LLC, which is a leading provider of option overlay-based strategies for separately managed accounts (SMAs). This strengthens the company’s capabilities to provide a robust platform to its clients with customized SMA solutions.SpiderRock will be integrated into BlackRock’s U.S. Wealth Advisory business, which managed $186 billion in U.S. Wealth SMAs as of Dec 31, 2023.Eve Cout, head of the Portfolio Design & Solutions pillar of BlackR ...

BlackRock Inc. (BLK) enters into an agreement with Public Investment Fund (PIF) to establish a Riyadh-based multi-asset class investment platform. The platform will be backed by an initial cash injection of up to $5 billion by the PIF, subject to certain milestones achieved.BlackRock Saudi Arabia intends to establish BlackRock Riyadh Investment Management (BRIM) in collaboration with PIF to encompass investment strategies across a diverse range of asset classes, which would be managed by a Riyadh-based port ...

The investment coincides with BlackRock's selection of Securitize as the transfer agent of its first tokenized fund on a public blockchain. MIAMI, May 1, 2024 /PRNewswire/ -- Securitize, the leader in tokenizing real-world assets, today announced the successful completion of a $47 million funding round led by BlackRock (Nasdaq: BLK). The strategic investment also includes funding from Hamilton Lane (Nasdaq: HLNE), ParaFi Capital, and Tradeweb Markets (Nasdaq: TW). This investment underscores Securitize's in ...

There aren’t many names in the world of finance that command as much attention and speculation as BlackRock (NYSE: BLK). With its colossal $10.47 trillion in assets under management (AUM) as of Q1 2024, the company often prompts questions about the extent of its influence and ownership. Indeed, you’ve probably heard the question, “Does BlackRock own everything?” and wondered about it, too.In this article, we’ll delve into the reality behind this question, examining BlackRock’s holdings, acquisitions, and po ...

In a recent address, BlackRock CEO Larry Fink voiced concerns about the U.S. retirement system, noting it was "under immense strain." No single issue is the cause, but a combination of issues, including an aging population, rising costs of living, and higher life expectancy, is contributing to the situation.Despite Fink's concern, many Americans can still ensure they're prepared to take on retirement without a financial burden looming over them. Though not 100% foolproof, these are three time-tested ways to ...

Listing:             TSX (Toronto Stock Exchange)         Symbol:         CMR TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the final April 2024 cash distributions for the iShares Premium Money Market ETF. Unitholders of record on April 25, 2024 will receive cash distributions payable on April 30, 2024. Details regarding the final "per unit" distribution amounts a ...

Hedera (HBAR-USD) crypto has been incredibly volatile recently after a misunderstanding resulted in the token soaring higher yesterday.The confusion came from a BlackRock (NYSE:BLK) report about the firm handling its tokenizing its first money market fund. HBAR Foundation was involved in this effort, leading some traders to believe that Hedera was used.However, it turns out that this wasn’t the case. When that misunderstanding was corrected, it also resulted in changes for the HBAR crypto. All of this news ...

BlackRock increased spending on private security for CEO Larry Fink more than threefold last year after he came under withering criticism for the asset manager’s commitment to investing in companies that promote controversial ESG strategies.The world’s largest fund manager, with some $10.5 trillion in assets under its watch, filed a proxy statement with the Securities and Exchange Commission earlier this month that showed it spent $563,513 to “upgrade the home security systems” at Fink’s residences last yea ...

The BlackRock logo is seen outside of its offices in New York City.Brendan McDermid | ReutersBlackRock estimates that the world's green energy transition will require $4 trillion annually by the mid-2030s, calling for more public-private partnerships, especially in Asia-Pacific.The forecast comes from BlackRock's latest "Investment Institute Transition Scenario," which analyzes how the low-carbon transition is most likely to play out and its potential impact on portfolios. The $4 trillion figure is double p ...

hapabapa Blackrock (NYSE:BLK) delivered a strong Q1 2024 performance, beating analyst consensus estimate on both topline and earnings. During the first quarter, Blackrock's revenues, operating earnings, and assets under management increased by 11%, 18%, and 15% YoY. Reflecting on strong Q1 results, paired with confident management commentary on the FY 2024 outlook, I see Blackrock poised for significant earnings upside, buoyed by the resurgence of a bull market across equities, cryptocurrencies, and vari ...