BlackRock Financial News

The official responsible for New York City’s public pension funds is pressing BlackRock to recommit to achieving net-zero emissions across its investment portfolio.

Investors should avoid allocating to Europe in the hunt for value stocks, as the continent's energy crisis means the risk-reward is still not there, according to Willem Sels, global CIO at HSBC Private Banking and Wealth Management.

When BlackRock announced its results for the first half of 2022, chief executive Larry Fink described the six-month period as the “worst start to the year for both stocks and bonds in half a century”.

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City leaders ranging from BlackRock to JPMorgan, Citi to Fidelity, have all paid tributes after the passing of Queen Elizabeth II.

Texas troubles

Republicans are stepping up their efforts to prevent investors from considering environmental and other factors in their decisions. They are running up against the trillions of dollars in investments committed to funds addressing such concerns.

It is the first and only digital securities exchange that has won approval from the FCA with permissions covering trading, custody and brokerage and will launch later this year.Stephen Bird, CEO, abrdn, says: “Blockchain technologies are inevitably going to form a big part of the future of financial markets. There is the potential to offer greater transparency, greater speed and less trading friction by using these nascent digital technologies."Abrdn plans to use Archax as a route through which investors can access new investment opportunities through digital securities, connect to existing offerings in a new way through tokenisation and facilitate a shift towards greater operating efficiencies through the adoption of new technologies like blockchain.“With Archax, we will have a meaningful footprint in this fast-developing market - which is likely to evolve in a multitude of different ways that are relevant to our core businesses," says Bird.Despite the onset of a crypto winter, asset managers are looking to get in on the sector.

BlackRock, Jupiter and Schroders are among a list of financial groups that have appeared on a blacklist published by the US state of Texas, with the three asset managers accused of boycotting energy companies.

Abrdn and Ashmore are among the 10 most-shorted companies in the UK, with BlackRock, GLG Partners and Point72 among the investment giants betting against the two asset managers.

Bitcoin [BTC] is feeling the heat of the rebound again after narrowly breaching its $25k resistance level over the last 24 hours. At the time of writing, the crypto was trading at $24,750 on the back of a 0.75% daily hike. In fact, it also looked set to end the week on a positive note with weekly gains of over 7.75%.

It is the first and only digital securities exchange that has won approval from the FCA with permissions covering trading, custody and brokerage and will launch later this year.Stephen Bird, CEO, abrdn, says: “Blockchain technologies are inevitably going to form a big part of the future of financial markets. There is the potential to offer greater transparency, greater speed and less trading friction by using these nascent digital technologies."Abrdn plans to use Archax as a route through which investors can access new investment opportunities through digital securities, connect to existing offerings in a new way through tokenisation and facilitate a shift towards greater operating efficiencies through the adoption of new technologies like blockchain.“With Archax, we will have a meaningful footprint in this fast-developing market - which is likely to evolve in a multitude of different ways that are relevant to our core businesses," says Bird.Despite the onset of a crypto winter, asset managers are looking to get in on the sector.

Days after BlackRock, the world’s largest investment management company in the world, entered into a partnership with Coinbase to offer its institutional clients access to cryptocurrency trading services, the firm announced the launch of a spot Bitcoin Private Trust. 

BlackRock is diving headfirst into cryptocurrencies, including a new spot bitcoin private trust for institutional investors.

When Michael Lewis talks to crypto bros, he tends to get bored within about six hours.

Underwhelming second-quarter results, as the threat of recession morphs into reality, are causing City firms to weigh up their hiring plans.

The City's asset managers are looking to press ahead with hiring plans this year, despite tough market conditions weighing on the outlook for staffing at BlackRock, the world's largest fund house.

Underwhelming second-quarter results, as the threat of recession morphs into reality, are causing City firms to weigh up their hiring plans.

The City's asset managers are looking to press ahead with hiring plans this year, despite tough market conditions weighing on the outlook for staffing at BlackRock, the world's largest fund house.

Asset management giant BlackRock (NASDAQ: BLK) announced on August 4 that it had partnered with Coinbase Global (NASDAQ: COIN).The partnership is limited to bitcoin and will allow the firm’s institutional clients to have access to crypto trading, custody, prime brokerage, and reporting via Coinbase Prime. The clients will also be able to manage their bitcoin and conduct risk analysis using BlackRock’s software suite Aladdin. Following the news, Coinbase stock experienced a jump of 16%.

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