As part of a new partnership arrangement, asset manager BlackRock will host its Aladdin investment management and operations system on the Microsoft Azure cloud platform.
BlackRock said that using Azure will accelerate innovation on Aladdin and enhance the client experience. Azure’s network of global data centers and capabilities will also be used to meet the localized needs of Aladdin clients, BlackRock said in a release.
In addition to BlackRock’s use of the network, the two companies will work together on initiatives that leverage technology to improve and expand sustainability data and analytics.
“The lack of standardized, high-quality data remains a significant hurdle in understanding the impact of sustainability-related risk on investment portfolios and company performance,” BlackRock said, adding that the two firms will invite collaboration from academics, startups, non-profits or others on sustainability-related analytics.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
