Meet the New Boss

BlackRock has $4.1 trillion in assets under management – they’re the largest investment management firm on earth – and probably 7 out of 10 people on the street where you live have never heard of them.

And as a result of being so large, the company owns an awful lot of shares in the world’s largest public companies as well.

The Economist has a sprawling profile of the firm (it’s the cover story of their latest print edition), from which the below chart comes:

blk

 

From the article:

Because BlackRock is often their largest shareholder (see chart 2), companies care what it thinks, even if the nature of its ETF business means that its level of investment in them is to some extent predetermined (to track indices, the company needs to keep hold of large chunks of the biggest companies on the market). When Stuart Gulliver took over HSBC, a bank, in early 2011, he flew to New York to ask for Mr Fink’s support. And BlackRock prides itself on getting access to market-moving information just as any investment bank’s trading desk would. Marketing presentations boast of the “access advantage” enjoyed by BlackRock, using “deep relationships with government and corporate issuers” to put it “in the flow of the most current information”. That advantage is at least in part a factor of its awesome size.

BlackRock is becoming the New Boss. Thankfully, they haven’t yet flexed these muscles in plain view just yet. Maybe they don’t have to.

Source:

The rise of BlackRock (The Economist)

What's been said:

Discussions found on the web
  1. Be Rich Now! commented on Sep 22

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2013/12/10/meet-the-new-boss/ […]

  2. immediate edge review commented on Sep 29

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2013/12/10/meet-the-new-boss/ […]

  3. meet lady commented on Nov 09

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2013/12/10/meet-the-new-boss/ […]

  4. cibc login commented on Dec 05

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2013/12/10/meet-the-new-boss/ […]

  5. td trust easyweb commented on Dec 05

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2013/12/10/meet-the-new-boss/ […]

  6. short red wig commented on Dec 08

    … [Trackback]

    […] There you will find 49913 more Info on that Topic: thereformedbroker.com/2013/12/10/meet-the-new-boss/ […]

  7. dumps with pin commented on Dec 23

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2013/12/10/meet-the-new-boss/ […]

  8. 안전공원 commented on Dec 25

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2013/12/10/meet-the-new-boss/ […]

  9. replica watch commented on Dec 29

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2013/12/10/meet-the-new-boss/ […]

  10. cbd for anxiety commented on Jan 02

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2013/12/10/meet-the-new-boss/ […]