BlackRock, the world’s biggest asset manager, cut its support for shareholder proposals linked to environmental and social issues to a fresh low of 4.1% in the most recent annual general meeting season, it said Wednesday. Despite the number of environmental and social-related proposals increasing year on year to 493 from 455, BlackRock said most had been rejected … Read more
According to the old cliché, opposites attract. And there may be no greater example of this than the odd, interesting, and for the country beneficial relationship between Larry Fink and Donald Trump. Yes, you read that right. Fink and Trump. A match made in heaven? No, to be more precise, made on Wall Street, with … Read more
This was in response to a supplementary question from Wan Ahmad Fayhsal Wan Ahmad Kamal (PN-Machang) who asked about the rationale behind the decision to choose GIP as part of the consortium in the exercise to privatise MAHB. Earlier on in reply to a question from Mohd Shahar Abdullah (BN-Paya Besar) who asked Anwar to … Read more
A new stock exchange in Dallas, Texas, is set to begin securities trading next year, with plans to start listing companies by 2026. The Texas Stock Exchange (TXSE) Group has secured $120 million in funding from over two dozen investors, including Larry Fink’s Blackrock and Kenneth Griffin’s Citadel, making it “the most well-capitalised exchange entrant … Read more
Yes, Larry Fink really stepped in it when he started messaging woke Environmental Social Governance as the savior of mankind. But this column has always sought to put his career into the context it deserves. Fink is one of the most knowledgeable financiers on the planet, and it’s worth paying attention to what he says … Read more
BlackRock Inc, Ark and several other prospective issuers of exchange-traded funds investing directly in Bitcoin in the US filed amended forms for their applications on Monday with the Securities and Exchange Commission. Fidelity, Invesco and Galaxy Digital and WisdomTree were among other firms that filed amended S-1 applications with the SEC. The regulator has until … Read more
BlackRock, the world’s largest money management firm, plans to announce layoffs in the coming days of about 3 percent of its global workforce, Fox Business has learned. The job cuts of around 600 employees, which have yet to be reported, are being described internally as routine, according to a source familiar. Last year, BlackRock did a … Read more
As the final deadline approaches for the U.S. Securities and Exchange Commission (SEC) to decide on the spot Bitcoin exchange-traded fund (ETF) application submitted by ARK Invest and 21 Shares, BlackRock is poised to take a significant step forward with its proposal. The asset management giant is set to seed the fund with $10 million … Read more
KEY POINTS Bitwise plans to seed its Bitcoin ETF, which is 20x larger than that of BlackRock The crypto asset manager has not yet named its authorized participant ETF analyst Balchunas previously said issuers will have to to explicitly authorize participant parameters in S-1 Form San Francisco-based crypto asset manager Bitwise has revealed a crucial … Read more
The House of Representatives has subpoenaed shareholder advisors Glass Lewis and Institutional Shareholder Services as it expands a probe into whether they have violated antitrust laws by coordinating ESG efforts with each other, On The Money has learned. On Wednesday, House Judiciary Committee Chair Jim Jordan (R-Ohio) requested what will likely amount to thousands of … Read more
