The largest investment management company in the United States: BlackRock (BLK) (1988)

BlackRock Group BlackRock, Inc. (NYSE: BLK) was founded in 1988 and is headquartered in New York, USA. It has offices in Boston, London, Brazil, the Philippines, Philadelphia, San Francisco, etc., with 16,300 employees worldwide, the largest in the world An investment management company with 74 offices in 26 countries around the world, with clients in 60 countries.

BlackRock BLK Logo 1 3

BlackRock (BLK):

BlackRock, Inc. was founded in 1988 and is headquartered in New York City and in Boston, Massachusetts; London, UK; Gurgaon, India; Hong Kong; Greenwich, Connecticut; Princeton, New Jersey; Edinburgh, UK; Sydney, Australia; Taipei, Taiwan; Singapore; Sao Paulo, Brazil; Philadelphia, Pennsylvania; Washington, DC; Toronto, Canada; Wilmington, Delaware; and San Francisco, California.

BlackRock, Inc. is a public investment manager. The company mainly provides services to institutions, intermediaries and individual investors, including pension plans for companies, public, trade unions and industries, insurance companies, third-party mutual funds, donations, public institutions, governments, foundations, charities, sovereign wealth Funds, companies, official institutions and banks. It also provides global risk management and consulting services.

BlackRock manages customer-centric independent stock, fixed income and balanced portfolios. It also issues and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds. The company launched stock, fixed income, balance and real estate mutual funds.

BlackRock also launched stock, fixed income, balanced, currency, commodity and multi-asset exchange-traded funds. The company also starts and manages hedge funds. It invests in global public equity, fixed income, real estate, currencies, commodities and alternative markets. The company invests primarily in small-cap, mid-cap, SMID, large-cap and multi-company growth and value stocks. It also invests in stock securities that pay dividends.

BlackRock also invests in investment-grade municipal securities, government securities (including securities or instruments issued or guaranteed by governments or government agencies), corporate bonds, and asset-backed and mortgage-backed securities.

BlackRock uses fundamental and quantitative analysis, with an emphasis on bottom-up and top-down approaches to investment. The company uses liquidity, asset allocation, balance, real estate and other strategies to invest. In the real estate sector, it seeks to invest in Poland and Germany.

BlackRock measures the performance of its investment portfolios based on the S&P, Russell, Barclays, MSCI, Citigroup and Merrill Lynch indices.

The well-known funds of BlackRock include BlackRock Global Asset Allocation Fund, BlackRock World Mining Fund, BlackRock Latin America Fund, BlackRock Emerging Europe Fund, BlackRock World Energy Fund and BlackRock New Energy Fund Wait.

BlackRock (BLK) History:

BlackRock was founded in 1988 by Laurence Fink, a former mortgage bond trader. In 1999, it was listed on the New York Stock Exchange through an initial public offering of shares. In October 2006, BlackRock merged with Merrill Lynch Investment Management and named the BlackRock Group.

On June 12, 2009, Barclays Bank sold its asset management arm Barclays Global Investors (BGI) to BlackRock, a giant of the US fund industry, for US$13.5 billion.

BGI was the world’s largest asset management company with assets of US$1.5 trillion, while BlackRock managed approximately US$1.3 trillion in assets. After the merger of the two companies, assets under management were close to US$3.19 trillion, making it the world’s largest investment management company. . The new company to be merged is called BlackRock. In the fields of stocks, fixed income, cash management, alternative investments, real estate consulting strategies, etc., the total assets under management are US$4.59 trillion.

BGI is well-known for index-tracking products. Its flagship business, iShares, has a market share of nearly 50% in the US exchange traded fund (ETF) market.

The two companies completed the merger on December 1, 2009. The new company name of the merger is BlackRock, and the iShares “Anshuo” brand will continue to be maintained. Currently, BlackRock employs more than 11,500 employees, with a total asset value of US$4.59 trillion under management in the fields of stocks, fixed income, cash management, alternative investment, real estate consulting strategies, etc.

  • 1988: BlackRock predecessor – Blackstone Group’s financial assets management department established (Blackstone Financial Management);
  • 1992: Independent from the Blackstone Group and renamed BlackRock (BlackRock);
  • 1995: Merged with PNC Asset Management Department and issued mutual funds;
  • 1999: Listed on the New York Stock Exchange (NYSE: BLK);
  • 2000: Developed Blackrock Solutions (Blackrock Solutions);
  • 2005: Merged with State Street Stock Research Company;
  • 2006: Merrill Lynch Investment Managers (Merrill Lynch Investment Managers), becoming the nation’s largest listed asset management company;
  • 2007: Merged the fund of funds business of Quellos Group;
  • 2008: Launched financial market consulting services;
  • 2009: Agreed to acquire Barclays International Investment Management (BGI) and formally completed the acquisition process on 2009/12/01, becoming the world’s largest asset management company;
  • September 9, 2011: HSBC Hong Kong President Ma Kaibo joined BlackRock;
  • May 21, 2012: Barclays Bank sold all its 19.6% BlackRock shares for US$6.1 billion;
  • January 18, 2014: BlackRock and other investors invested 250 million US dollars in the cloud storage service company Dropbox, which is valued at nearly 10 billion US dollars;
  • July 22, 2015: U.S. fund industry giant BlackRock Inc (NYSE: BLK) has obtained a special license, which will enable it to raise funds directly in China for the first time, providing the largest asset management company in the world. Paving the way for expansion in China;
  • November 4, 2015: BlackRock agreed to acquire Bank of America’s US$87 billion money market fund business to expand its business scale to meet new regulatory requirements. The merger will expand the scale of BlackRock’s capital management business to US$372 billion;
  • In May 2017, BlackRock increased its shares in CRH plc and Bank of Ireland;
  • In April 2017, BlackRock supported the inclusion of mainland Chinese stocks in the MSCI Global Index for the first time ;
  • Between October 2018 and December 2018, BlackRock’s assets fell by US$468 billion to less than US$6 trillion. This is the biggest drop in the quarter since September 2011;
  • As of 2019, BlackRock (BlackRock) held by Deutsche Bank (Deutsche Bank) 4.81% of the shares, becoming its largest single shareholder;
  • In May 2019, BlackRock was criticized for the environmental impact of its assets. Except for Total , it ranks in the top three in all oil ” big companies ” holdings , and seven of the top ten coal producers rank in the top ten;
  • CEO Fink announced in the 2020 open letter that environmental sustainability is the core goal of BlackRock’s future investment decisions. BlackRock (BlackRock) revealed that it plans to sell 500 million US dollars of coal investment.

Currently, the major shareholders of BlackRock include : Bank of America (7.1%), PNC Financial Services Group (20.3%) and Barclays Bank (19.7%).

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