Welcome to our dedicated page for Blackrock news (Ticker: BLK), a resource for investors and traders seeking the latest updates and insights on Blackrock stock.
BlackRock, Inc. (NYSE: BLK) is a leading American multinational investment management corporation based in New York City. Established in 1988, BlackRock initially focused on enterprise risk management and fixed income institutional asset management. Today, it stands as the world’s largest asset manager, boasting an impressive $10.473 trillion in assets under management (AUM) as of March 2024.
BlackRock's product portfolio is diverse, with 54% of managed assets in equity strategies, 27% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternative investments. The company’s passive strategies constitute around two-thirds of its long-term AUM, with its ETF platform holding a leading share in both domestic and global markets.
The firm primarily serves institutional clients, which account for approximately 80% of its AUM. Geographically, BlackRock is well-diversified, catering to clients in more than 100 countries, with over one-third of its managed assets coming from outside the United States and Canada.
One of BlackRock’s notable recent achievements includes leading a $47 million funding round for Securitize, a pioneer in tokenizing real-world assets using blockchain technology. This strategic investment underscores BlackRock’s commitment to driving innovation in digitizing capital markets. BlackRock’s Global Head of Strategic Ecosystem Partnerships, Joseph Chalom, has joined Securitize's Board of Directors, further solidifying this partnership.
Additionally, BlackRock has launched its first tokenized fund on Ethereum, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund allows investors to earn yield by holding tokens on the blockchain, with investments in cash, U.S. Treasury bills, and repurchase agreements. Investors can transfer their tokens at any time to other pre-approved investors, promoting liquidity and flexibility.
BlackRock continues to enhance its digital assets strategy and remains committed to meeting future client needs through innovative solutions. As the company ventures further into blockchain technology and tokenization, it aims to stay at the forefront of transforming the financial landscape.
BlackRock Alternatives has announced the first closing of its Global Infrastructure Fund IV, raising
BlackRock, Inc. (NYSE: BLK) reported its third-quarter financial results for 2022, with details available at their investor relations site. Key executives, including Laurence D. Fink, will host a teleconference on October 13, 2022, at 8:30 a.m. ET, open to public participation. A webcast replay will be accessible post-event.
BlackRock's commitment is to enhance financial well-being for individuals, providing financial technology solutions to help people save and invest effectively.
Cachematrix by BlackRock launches a new mobile application for cash investors, enabling access to a liquidity marketplace across 20 countries with over
The mobile app is now available to iPhone users in the U.S., UK, and select EMEA countries, enhancing client experience and operational efficiency.
Acelero, Inc. announced a strategic investment led by BlackRock Impact Opportunities Fund and The Builders Fund aimed at enhancing early childhood education across the U.S. The investment will support product development, strengthen partnerships, and improve talent recruitment. Acelero impacts over 150,000 children and families, focusing on dismantling educational inequities. The partnership includes board representation from the investor syndicate. The pandemic has increased the demand for quality education, positioning Acelero for significant growth.
BlackRock, Inc. (NYSE: BLK) announced the appointment of Martin Small as the new Chief Financial Officer, succeeding Gary S. Shedlin, effective in 2023. Shedlin will transition his responsibilities after the completion of the firm’s 2022 financial reporting, expected around March 1, 2023, and will become Vice Chairman. Martin Small, previously head of BlackRock’s U.S. Wealth Advisory business, brings extensive experience to his new role, having been with the firm since 2006. This leadership change aims to ensure continuity and strengthen client relationships.
BlackRock has announced the upcoming termination of the iShares iBonds Dec 2022 Term Muni Bond ETF (NYSE: IBMK). The final trading day is set for December 1, 2022, with liquidation on December 7, 2022. As bonds in this ETF mature, shareholders will receive liquidation proceeds. BlackRock continues to offer iBonds ETFs for investors seeking bond ladder strategies and managing interest rate risks.
BlackRock, Inc. (NYSE: BLK) will report its third quarter 2022 earnings on October 13, 2022, before the New York Stock Exchange opens. A teleconference for investors, hosted by top executives including Chairman Laurence D. Fink, will begin at 8:30 a.m. ET. Interested parties can join via telephone or a live webcast available on www.blackrock.com. The teleconference replay will be accessible from 11:30 a.m. ET on the same day until October 27, 2022.
BlackRock's 11th annual Global Insurance Report reveals that global insurers are adapting their investment strategies amidst market volatility. Notably, 79% of insurers plan to reassess their long-term strategic asset allocations while 68% are prioritizing technology for risk management. Adoption of fixed income ETFs is on the rise, aimed at enhancing liquidity and yield. Additionally, over two-thirds intend to integrate ESG targets into their portfolios within the next 24 months, signaling a significant trend toward sustainability in investing.
BlackRock Long Term Private Capital has agreed to acquire a majority interest in Paradigm Oral Health from InTandem Capital Partners. Paradigm, founded in 2018, focuses on providing quality oral health care and dental implant surgery, partnering with elite surgeons across the U.S. to enhance patient care. With over 100 surgeons and 75 facilities, Paradigm utilizes advanced practice management technology, Paragon, for improved performance. This acquisition represents BlackRock's sixth investment, signaling strong growth prospects for Paradigm.
The iShares S&P GSCI Commodity-Indexed Trust (GSG) announced the availability of its 2021 Schedule K-3 forms for shareholders, detailing international tax relevance. This information is crucial for non-U.S. shareholders and those needing foreign tax credit details. Shareholders can access the forms online at www.taxpackagesupport.com/iSharesGSG. BlackRock, as the trust's fiduciary, aims to enhance financial well-being and offers a robust suite of ETFs with over $2.78 trillion in assets. For electronic copies, shareholders can contact Tax Package Support at (866) 792-0048.
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