Reported 1 day ago
BlackRock, the largest asset management company, is striving to integrate public and private investment markets through significant acquisitions totaling nearly $30 billion, including the purchase of Global Infrastructure Partners and HPS Investment Partners. This strategy aims to enhance their services and diversify offerings in alternatives, as demand from institutional investors for private equity, credit, and infrastructure grows. CEO Larry Fink's vision positions BlackRock as a comprehensive platform for investment solutions while raising concerns over potential monopolistic behaviors in the financial industry.
Source: YAHOO