BlackRock Real Assets to back Korean offshore wind farm project

BlackRock Real Assets said Thursday it has closed its first investment in South Korea’s offshore wind sector, in line with the country’s renewable energy transition initiative. The New York-based asset managing arm dedicated to real estate and infrastructure investment acquired a 100 percent equity stake in renewables developer Korea Renewable Energy Development & Operation Holdings, […]

BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter

Pledged shake-up delivers improved grades but asset manager could do better. When BlackRock chief Larry Fink issued his annual corporate missive to chief executives last January, he promised a huge shake-up at the world’s largest asset manager. With global warming driving a “fundamental reshaping of finance”, Mr Fink said it was time for BlackRock to […]

BlackRock assets surge to record $8.68tn

World’s largest fund manager boosted by run in equities that helped it beat forecasts BlackRock’s assets under management swelled to a record $8.68tn in the fourth quarter and chief executive Larry Fink said he expected the momentum to continue in 2021 on the back of robust recovery in the global economy. “We are seeing more […]

Two Biden aides will recuse on BlackRock issues as past ties pose questions

The world’s largest asset manager has much at stake as the new president’s team takes office In 2013, the asset management firm BlackRock unleashed a lobbying blitz to carpet-bomb a new Treasury Department agency, pushing federal regulators away from tightening requirements on its massive business lines. In 2019, the company won again when the Trump […]