BlackRock

BlackRock is an American investment management company that manages funds and provides financial services to institutions and individuals. It is one of the world’s largest asset managers.

Asset management: Asset management is the professional management of investments on behalf of clients. BlackRock’s core business is managing investment portfolios for clients.
Fiduciary duty: Fiduciary duty is the legal obligation to act in the interests of another party. BlackRock manages assets under duties owed to its fund and institutional clients.
Larry Fink: Larry Fink is an American businessman and co-founder of BlackRock. He has led the company for much of its history as chief executive.
Vanguard Group: The Vanguard Group is an American investment company known for index funds and its client-owned structure. Vanguard competes with BlackRock in low-cost funds but uses a distinct ownership model.
Concentration of asset management: Concentration of asset management is the control of a large share of investment assets by a small number of firms. BlackRock’s size makes its place in this concentration a recurring policy concern.
Exchange-traded fund: An exchange-traded fund is an investment fund whose shares trade on a stock exchange. BlackRock is a leading provider of ETFs through its iShares business.
Proxy voting: Proxy voting is the casting of shareholder votes by an authorized representative. BlackRock votes shares held by many funds on corporate matters.
Blackstone Group: Blackstone is an American alternative investment firm that originated as a merger and acquisition advisory business. BlackRock began in 1988 as a unit within Blackstone.
State Street Global Advisors: State Street Global Advisors is the investment management division of State Street Corporation. It is another major provider of index funds and ETFs, including the SPDR brand.
Common ownership: Common ownership occurs when the same investors hold stakes in competing firms within an industry. BlackRock funds often own shares across competing companies, prompting debate about market effects.

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