BlackRock has launched a 'buffer' exchange-traded fund that seeks to offer a 100% downside hedge to risk-shy investors looking to tap the equity markets, the world's largest asset manager said on Monday.
BlackRock could start offering indexes and exchange-traded funds (ETFs) for private markets, the asset manager said on Monday, after it announced a deal to buy data provider Preqin for nearly $3.2 billion.
A previous version of this article gave an incorrect spelling of Preqin in the headline. The story has been corrected.
To expand its presence in alternatives markets and boost private markets capabilities, BlackRock (BLK) announces a deal to buy Preqin for $3.2 billion in cash.
The company said late Sunday that it will pay cash for Preqin, a privately held firm that specializes in data about private markets.
Google will partner with BlackRock to develop a 1 gigawatt pipeline of new solar capacity in Taiwan, the U.S. tech giant announced Monday as it seeks to boost energy capacity and cut carbon emissions amid the artificial intelligence boom. The deal will see Google make a capital investment, yet to be approved by regulators, in Taiwanese solar developer New Green Power "to facilitate the buildout of its large-scale solar pipeline.
Google said it has taken a stake in Taiwan's New Green Power and could buy up to 300 megawatts of renewable energy from the BlackRock fund-owned firm to help cut its carbon emissions and those of suppliers.
BlackRock BLK 0.79%increase; green up pointing triangle, the world's largest asset management firm, plans to acquire U.K. data provider Preqin to bolster its data capabilities.
BlackRock has agreed to buy UK data firm Preqin for 2.55 billion pounds ($3.23 billion) in cash, the Financial Times reported on Sunday, citing people familiar with the matter.
In the closing of the recent trading day, BlackRock (BLK) stood at $787.32, denoting a +0.79% change from the preceding trading day.
BlackRock (BLK) forms a strategic alliance with GeoWealth to boost its model business within the U.S. wealth market. This move aligns with the company's strategy to strengthen its offerings.
What's the biggest and most powerful company that most retail traders don't talk about? I'd say it's BlackRock (NYSE: BLK ), the financial giant that might be called the heavyweight champion of mutual funds and exchange traded funds.