Displaying 130 results
Bond yields offer chance to fix the 40 in 60/40, BlackRock says
Stephen Laipply, US head of fixed-income ETFs at BlackRock, explains why now is a once-in-many-years opportunity to rebalance 60/40 portfolios.
Fund companies, in no-win situation, test shareholder proxy voting
BlackRock, Schwab, Vanguard and State Street could be inviting a political backlash with proxy voting campaigns aimed at avoiding a political backlash.
Northern Trust Asset Management fills president vacancy with BlackRock veteran
Daniel Gamba starts work as president of the $1.2 trillion asset manager on April 3.
BlackRock sustainability policy and engagement leader to depart
Paul Bodnar, who had advised former President Obama on climate, joined BlackRock in 2021.
Vanguard gives fund shareholders some proxy-voting power
Republicans have criticized the big asset managers over their proxy-voting practices.
Will 2023 be another banner year for 401(k) fee litigation?
There were 88 excess fee lawsuits against retirement plans last year, the second most ever, and Daniel Aronowitz of Euclid Fiduciary expects another busy year.
BNY Mellon, Wall Street firms find the lure of crypto too strong to resist
Despite all that’s gone wrong in the industry, the world’s largest custodian bank and other financial giants are hoping to expand in crypto.
BlackRock invests in Human Interest to expand 401(k) business
The asset manager will make a minority investment in Human Interest, as well as leading a financing round to support the next phase of the company’s growth.
ESG themes to watch in 2023
Shareholder engagement, the energy transition and regulation will get a lot of attention.
BlackRock plans to eliminate 500 positions in round of job cuts
The firm will dismiss about 2.5% of its global workforce after grappling with sharp declines last year in equity and bond markets.
Vanguard’s efforts to navigate politics of ESG could be blueprint for others
Last month's decision to exit the Net Zero Asset Managers Initiative puts Vanguard in a spotlight it was likely trying to avoid.
ESG got caught between party lines
The year saw major developments in legislation and regulation that affect sustainable investing, including proposals from the SEC and a long-awaited final rule from the Department of Labor.
BlackRock adds energy transition unit
The unit, Transition Capital, is part of BlackRock Alternatives and will be led by Dickon Pinner, former head of McKinsey Sustainability.
Democratic state treasurers blast anti-ESG counterparts
A group of 13 signed an open letter that calls out moves against ESG criteria being used in investing public money as politically motivated.
BlackRock tells GOP states it ‘does not boycott’ energy
A group of 19 state attorneys general had demanded answers from the asset manager about ESG.
Anti-ESG movement spawns new fund in battle against industry giants
Fledgling ETF provider Strive Asset Management hopes to compete with BlackRock, Vanguard and State Street for proxy voting power.
Vanguard wrests BlackRock’s spot as manager of world’s biggest bond ETF
The Vanguard Total Bond Market ETF, with assets of roughly $83.8 billion, has surpassed the $83.2 billion iShares Core U.S. Aggregate Bond ETF.
Fintech Bytes: Robinhood layoffs, BlackRock partners with Coinbase
Some startups have already made moves to prepare for an extended bear market, but now the crunch is coming to more established fintech brands.
Support in some proxy votes falls amid record season
It's not just BlackRock that is less supportive of shareholder proposals, Morningstar finds.
BlackRock warns against dip buying as high-volatility era dawns
Investors should bet on credit instead, because valuations have improved and default risk is contained, according to BlackRock strategists.
