BlackRock is undergoing a large reorganization, shuffling the roles of about 20 directors and aiming to take its alternatives business 'to the next level,' according to an internal memo.
BlackRock is undergoing a large reorganization, shuffling the roles of about 20 directors and aiming to take its alternative investments business"to the next level," according to an internal memo.
"The dramatic changes transforming both the markets and our industry... represent the biggest opportunity in a decade to differentiate BlackRock – but only if we are willing to be bold and decisive," the firm's CEO Larry Fink and President Rob Kapito said in Tuesday's memo. BlackRock is already making waves in the alternatives sector. It is reportedly raising around $10 billion for its private-equity fund to replicate the investment approach of Warren Buffett's Berkshire Hathaway. The Wall Street giant in February also partnered with private equity firm KKR to invest $4 billion in the Abu Dhabi National Oil Company, becoming the first institutional investors joining forces with a national oil producer in the Middle East.
BlackRock revealed in January that it plans to cut 500 jobs, or 3 percent of its workforce this year.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Athletics: Obiri achieves historic world treble at cross countryKenya's Hellen Obiri made athletics history on Saturday when she won the IA...
Weiterlesen »
How Well Do You Actually Know World Capitals?You Say You're A World Capital Whiz, So Prove It
Weiterlesen »
Fossils show worldwide catastrophe on the day the dinosaurs diedPrehistoric fish swallowed glass spheres that rained on Earth almost immediately after the asteroid impact.
Weiterlesen »
For a brief period tonight, some parts of the world will go dark. It's Earth HourStarted by the World Wildlife Fund, Earth Hour is an annual event meant to spread awareness about sustainability. It happens at 8:30 p.m. on March 30.
Weiterlesen »
Bill Maher says socialism should be rebranded as 'capitalism plus,' pointing to world happiness statisticsBill Maher pushed back against Republican warnings of the rise of socialism in America on Friday, pointing to the World Happiness Report.
Weiterlesen »
10 Photo Stories That Will Challenge Your View Of The WorldHere are some of the most interesting and powerful photo stories from across the internet.
Weiterlesen »
Raising Money in the Crypto World Has Gotten a Lot HarderThe market for initial coin offerings, which boomed last year after the surge in bitcoin and other digital currencies, has fallen sharply in 2019 amid a regulatory crackdown.
Weiterlesen »