Tag: $Blackrock

BlackRock’s assets hit a record high $11.6 trillion in the fourth quarter of last year as the world’s largest money manager posted a 21% profit jump, with fee income buoyed by stronger equity markets.

The U.S. Federal Deposit Insurance Corporation has told asset manager BlackRock it has until Jan. 10 to accept an agreement that would allow the agency to step up scrutiny of its investments in FDIC-regulated banking institutions, according to a person familiar with the matter.

BlackRock has agreed to buy HPS Investment Partners in a $12bn deal, as the world’s largest money manager races to expand its share of the fast-growing and lucrative market for alternative assets.

BlackRock is reportedly closing in on an agreement to acquire New York investment manager HPS Investment Partners for $12 billion, in a deal that would give it a leading position in the more than $1.6 trillion private credit market.

BlackRock’s assets under management hit a record high for the third straight quarter on Friday, helped by surging inflows to the company’s exchange-traded funds and a searing equity rally that boosted the value of its clients’ investments.

BlackRock is preparing to launch a more than $30bn artificial intelligence investment fund with technology giant Microsoft to build data centres and energy projects to meet growing demands stemming from AI.

Goldman Sachs said Monday that it topped profit and revenue estimates on better-than-expected fixed income results and smaller-than-expected loan loss provisions.

Google will partner with BlackRock to develop a 1 gigawatt pipeline of new solar capacity in Taiwan, the U.S. tech giant announced Monday as it seeks to boost energy capacity and cut carbon emissions amid the artificial intelligence boom.

BlackRock says it has agreed to buy privately held U.K. data group Preqin for $3.2 billion (£2.55 billion) in cash, a deal that allows an inroad into private markets information for the world’s biggest asset manager.

Blackstone delivered higher-than-expected first-quarter earnings as the world’s biggest alternative asset manager raked in money from its credit strategies.

Roaring equity markets and the popularity of a new spot bitcoin exchange traded fund powered BlackRock to record assets under management of $10.5tn and net income that rose by more than one-third.

BlackRock is rolling out two new exchange-traded funds that use option strategies, a hot area of the ETF market in the U.S.

The United Arab Emirates on Friday announced it would contribute $30 billion to a new fund aiming to divert private sector capital towards climate investments and improve financing for the Global South.

BlackRock-1.01% posted earnings that beat expectations on Friday. Shares were rising after slumping immediately after the report.

Blackstone Inc. has become the first private equity firm to manage $1 trillion, an accomplishment tempered by a dealmaking slump that weighed on second-quarter results.

Markets have staged a comeback so far this year, braving the Federal Reserve’s rate hikes and a banking crisis that have raised risks of an economic downturn later in 2023.