BlackRock, the world’s largest investment management firm with about $8.49 trillion in assets, recorded a $1.7 trillion loss in the first half of 2022, according to the company. This was the biggest sum of money ever lost by a single company in a 6-month span, according to Marc Rubenstein, a Bloomberg analyst. In the company’s…
BlackRock, World’s Largest Asset Manager, Lost $1.7 Trillion in Clients’ Money This Year
BlackRock, World’s Largest Asset Manager, Lost $1.7 Trillion in Client’s Money in First Half of 2022
BlackRock, the world’s largest investment management firm with about $8.49 trillion in assets, recorded a $1.7 trillion loss in the first half of 2022, according to a new report. According to Marc Rubenstein, a Bloomberg analyst, this was the biggest sum of money ever lost by a single company in a 6-month span. In the…
Uncovering the White House’s Secret Meetings With BlackRock
Commentary With more than $10 trillion in assets under management, BlackRock is the wealthiest and most powerful investment management firm on Wall Street. Yet, newly discovered information reveals that BlackRock’s influence may extend well beyond the financial sphere, all the way to the White House. Our investigation into the relationship between BlackRock officials and the…
Large Private Investment Funds Need Closer Oversight
Commentary Recent news reports that the top Justice Department antitrust lawyer, Jonathan Kanter, is planning to scrutinize large private investment funds’ practice of “rolling up” competing companies to create monopolies and oligopolies. That may be a good idea on the antitrust front, but let’s take a step back and look at the risk front. In 1995,…
BlackRock Sells US Interests for ‘Personal Favors’ in China, Consumer Group Director Says
BlackRock, the world’s largest investment manager that oversees $10 trillion in client funds, has positioned itself as a socially conscious firm. However, the company is choosing China over the United States as it advances its environmental and social priorities, according to Will Hild, executive director of Washginton-based nonprofit Consumers’ Research. Hild said BlackRock CEO Larry…
BlackRock Sells Out US Interests for ‘Personal Favors’ in China, Consumer Group Director Says
BlackRock, the world’s largest investment manager that oversees $10 trillion in client funds, has positioned itself as a socially conscious firm. However, the company is choosing China over the United States as it advances its environmental and social priorities, according to Will Hild, executive director of Washginton-based nonprofit Consumers’ Research. Hild said BlackRock CEO Larry…
BlackRock and ESG Controlling America but Benefiting China—With Will Hild
How does Blackrock utilize the environmental, social, and governance (ESG) score system to control domestic policies, while benefiting from their special treatment in China? And does the United States suffer while China benefits from this vampiric relationship? We discuss this with Will Hild from Consumers’ Research. I then discuss the just-concluded Shangri-La security summit, where…
Here Are the Six Banks West Virginia Says Violate Its Fossil Fuel Anti-Boycott Law
The Epoch Times can name six financial institutions that the West Virginia State Treasurer’s office contacted on June 10 regarding alleged violations of its new law aimed at stopping banks boycotting the energy sector. They are BlackRock, Goldman Sachs, JPMorgan Chase, Morgan Stanley, U.S. Bancorp, and Wells Fargo. The treasurer’s office provided the names on…
Here Are the Six Financial Institutions West Virginia Says Violate Its Fossil Fuel Anti-Boycott Law
The Epoch Times can name six financial institutions that the West Virginia State Treasurer’s office contacted on June 10 regarding alleged violations of its new law aimed at stopping banks boycotting the energy sector. They are BlackRock, Goldman Sachs, JPMorgan Chase, Morgan Stanley, U.S. Bancorp, and Wells Fargo. The treasurer’s office provided the names on…
State Officials Fight Wall Street to Protect Pensioners From ESG ‘Scam’
After failing to advance their agenda by passing laws in Congress, progressives have found that they can impose their will on Americans just as effectively through our financial system. And while some state officials have recently started to fight back, they are heavily outgunned. The world’s largest asset managers, BlackRock, State Street, and Vanguard, have…
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