Reported 18 days ago
In the third quarter, BlackRock Inc. secured $205 billion in client investments as it expanded its presence in private credit and alternative assets, with total assets under management reaching a record $13.5 trillion. The firm saw significant net inflows across various funds, including a notable $34 billion in cash-management and money-market funds. Despite rising operational costs and ongoing discussions around private lending risks, BlackRock's CEO Larry Fink highlighted a robust growth outlook as the company continues to innovate and pursue major acquisitions.
Source: YAHOO