BlackRock
Some of the key events about BlackRock
- 1988Founded as a risk management and fixed income institutional asset manager
- 1988Faced criticism for aggressive trading strategies in mortgage-backed securities during savings and loan crisis
- 1999Launched its first retail mutual funds
- 2000Acquired State Street Research & Management, expanding its mutual fund business
- 2006Merged with Merrill Lynch Investment Managers, significantly expanding its global presence
- 2008Acquired Barclays Global Investors, raising concerns about market concentration
- 2009Acquired Barclays Global Investors, becoming the world's largest asset manager
- 2009Received controversy for managing toxic assets from Bear Stearns and AIG bailouts
- 2012Launched the iShares Core series, offering low-cost ETFs to retail investors
- 2012Fined $340,000 by the SEC for improperly disclosing conflicts of interest
- 2014Criticized for potential conflicts of interest in its stock analyses and corporate governance research
- 2015Acquired FutureAdvisor, entering the digital wealth management space
- 2015Fined $12 million by the SEC for failing to disclose a conflict of interest
- 2017Launched the Aladdin Risk for Wealth Management platform, extending its risk management technology to financial advisors
- 2017Faced scrutiny for its dual role as both shareholder and advisor to companies
- 2018Criticized for inadequate oversight of gun manufacturers in its index funds
- 2019Investigated by Congress for potential anticompetitive behavior in the ETF market
- 2020Committed to make sustainability its new standard for investing
- 2020Faced backlash for inconsistencies between climate change rhetoric and fossil fuel investments
- 2021Launched the BlackRock Impact Opportunities Fund to support businesses and projects owned by underrepresented groups
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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