Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
BlackRock faces reputational and market risks after limiting withdrawals from its $26B private credit fund amid sector-wide liquidity concerns. Valuation has compressed to 19–20x trailing earnings, but with market multiples and ongoing uncertainties, I remain cautious about buying the dip. Recent acquisitions in private markets, notably HPS Investment Partners, have introduced higher-revenue segments but also heightened current woes in credit funds.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does BlackRock (BLK) have what it takes?
BlackRock ( NYSE:BLK ) is blocking investors from fully exiting its $26 billion HPS Corporate Lending Fund after redemption requests hit 9.3% of shares in Q1, well above the fund's 5% quarterly cap.
BLK faces pressure after capping HLEND withdrawals. Does record AUM, strong inflows and diversification make the stock worth holding?
This is a developing story. Check back for updates.
A BlackRock fund said it would not buy back more than 5% from investors; facing a similar situation, rival Blackstone took the opposite stance.
BlackRock's sudden write-down of a loan tied to an Amazon aggregator is reviving concerns about transparency and risk in the rapidly growing private credit market.
Italy's largest bank Intesa Sanpaolo said on Thursday it would extend its use of BlackRock's investment technology Aladdin Wealth to support the group's expansion outside Italy.
Hiking risk between the ages of 45 and 60 could result in greater retirement wealth about 75% of the time, the asset manager said.
In the most recent trading session, BlackRock (BLK) closed at $1, indicating a -1.47% shift from the previous trading day.
A BlackRock-backed consortium is pushing to complete its acquisition of CK Hutchison's global ports business without two terminals in Panama, after authorities seized the assets, Financial Times reported on Tuesday.