Introduction
Table of Contents
BlackRock is a global investment management firm. They are one of the biggest investment managers in the world, with over $6 trillion in assets under management. The company was founded in 1988 as BlackRock Asset Management and merged with Merill Lynch’s asset management business three years later. In 2004, they went public through an initial public offering (IPO).
What is BlackRock?
BlackRock is a private investment management firm which specializes in brokerage and financial advisory services. BlackRock was founded on May 8, 1988 as Blackstone Alternative Asset Management L.P., a private investment fund of funds focusing on hedge funds and high-yield debt. Over time, it grew into an institutional asset manager with over $6 trillion assets under management as of December 2018.[2]
BlackRock operates globally under several different brand names including iShares (portfolios), Aladdin (investment operations platform), iShares ETFs, mutual funds, exchange-traded products (ETPs), co-investments, separately managed accounts (SMAs) and other advisory solutions.[3][4] The company also owns or has stakes in businesses such as Mercury General Corporation and Voya Financial Inc.;[5][6] however these are not operated by BlackRock itself.
BlackRock is a private investment management firm which specializes in brokerage and financial advisory services.
BlackRock is a private investment management firm which specializes in brokerage and financial advisory services. It is the largest asset manager in the world and has $6 trillion under management, as of 2015. The company was founded by Larry Fink in 1988 as Blackstone Financial Management Inc but changed its name to BlackRock when it went public in 1999.
BlackRock’s business model revolves around five core businesses: traditional asset management, alternative investment management (hedge funds), institutional equities, fixed income and multi-asset solutions.
Conclusion
BlackRock is a private investment management firm which specializes in brokerage and financial advisory services. It was founded by Laurence D. Fink in 1988 and is headquartered in New York City.
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