FNF also venturing into the space, and with BlackRock leading the way with regulatory compliance agreements, it would be prudent to watch this space closely. IVZ and Fidelity National Financial, Inc. With other mega asset managers like Invesco Ltd. The company also reported that it currently has more than $9 trillion of assets under management. The company reported earnings per share of $9.28, widely surpassing the Zacks Consensus Estimate of $8.47. While not elaborating directly about the details of the spot bitcoin ETF because of legal issues, Fink went on to mention that more and more gold investors have shown interest in crypto ETFs in recent years, running parallels to the importance of ETFs in democratizing access to the gold market.īlackRock, which currently carries a Zacks Rank #3 (Hold), reported a second-quarter earnings beat on the very day that Fink made his crypto outlook public. “We are working with our regulators because, as in any new market, if BlackRock’s name is going to be on it, we’re going to make sure that it’s safe and sound and protected,” Fink said. SEC has a history of being skeptical of crypto ETFs and has rejected most of these offers in the past, but what makes the BlackRock application stand out is the proposed surveillance-sharing agreement in the filing. According to Fink, crypto fits into BlackRock’s broader mission of adding to its cheap and user-friendly product portfolio and democratizing investing. Securities and Exchange Commission (SEC) on Jun 15.ĬEO Larry Fink, who had been critical of the crypto bubble in 2017 citing money laundering as one of the market’s biggest drivers, did a U-turn on his assessment last Friday in a television interview.
They filed for listing a spot bitcoin ETF to the U.S. BLK has joined a cohort of companies trying to get into the crypto ETF space. Since 2012, the Fink Investing Conference has brought together some of the most respected individuals in the investment management community to educate and connect a wide range of financial industry participants.
degree in political science from UCLA in 1974.BlackRock, Inc. degree with a concentration in real estate from the University of California at Los Angeles (UCLA) in 1976 and a B.A. He is also an Executive Committee member of The Partnership for New York City, the economic development organization. Fink also serves on the Boards of The Museum of Modern Art (MoMA), the Council on Foreign Relations and Robin Hood, the poverty-fighting charitable organization. Fink serves as a member of the Board of Trustees of New York University and is Co-Chairman of the NYU Langone Medical Center Board of Trustees. Fink was co-head of the Taxable Fixed Income Division, which was responsible for trading and distribution of all government, mortgage and corporate securities. Fink was a member of the Management Committee and a Managing Director of The First Boston Corporation.
Fink was named one of the “World’s Most Respected Leaders” by Fortune in 2016, “CEO of the Decade” by Financial News in 2011, and one of the “World’s Best CEO’s” by Barron’s for 10 consecutive years. Today, the firm is trusted to manage more money than any other investment firm in the world. Under his leadership, the firm has grown into a global leader in investment management, risk management and advisory services for institutional and retail clients. Fink and seven partners founded BlackRock in 1988. He also leads the firm’s Global Executive Committee. Fink is Founder, Chairman and Chief Executive Officer of BlackRock, Inc.
0 kommentar(er)
