BLACKROCK BIO
"BlackRock", Inc. is the world's largest asset management company, providing investment management, risk management, and advisory services. Here’s a brief bio of BlackRock:
Founded: 1988
Founders: Larry Fink, Robert S. Kapito, Susan Wagner, and others
Headquarters: New York City, New York, USA
Industry: Investment management
Assets Under Management (AUM): Over $9 trillion (as of 2024)
Stock Symbol: BLK (NYSE)
Key Business Segments:
1. ETFs (iShares): BlackRock is known for its iShares ETF business, one of the largest providers of exchange-traded funds worldwide.
2. Investment Solutions: It offers diverse financial products across fixed income, equity, multi-asset, and alternatives.
3. Aladdin: BlackRock’s proprietary technology platform, used for risk management and portfolio management by investors worldwide.
4. Sustainability and ESG: BlackRock is heavily involved in promoting Environmental, Social, and Governance (ESG) investing.
Market Position:
Global Reach: BlackRock operates globally, providing asset management services to institutions, governments, foundations, and individual investors.
Largest Asset Manager: It manages over $9 trillion in assets, making it the largest asset manager in the world, far surpassing its competitors such as Vanguard and State Street.
BlackRock is known for its influence in financial markets and advocacy for long-term investing strategies, including sustainable investing.
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