Q BlackRock is used to breaking records. The world’s largest asset manager was the first firm to break through $US10 trillion ($14.53 trillion) of assets under management. But the bigger they are, the harder they fall. And this year BlackRock chalked up another record: the largest amount of money lost by a single firm over a six-month period. In the first half of this year, it lost $US1.7 trillion of clients’ money. https://www.afr.com/companies/financial-services/blackrock-is-breaking-the-wrong-records-with-us1-7trn-loss-20220721-p5b3ap UQ
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BlackRock is used to breaking records. The world’s largest asset manager was the first firm to break through $US10 trillion ($14.53 trillion) of assets under management. But the bigger they are, the harder they fall. And this year BlackRock chalked up another record: the largest amount of money lost by a single firm over a six-month period. In the first half of this year, it lost $US1.7 trillion of clients’ money.
https://www.afr.com/companies/financial-services/blackrock-is-breaking-the-wrong-records-with-us1-7trn-loss-20220721-p5b3ap
UQ