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Search the News Archive
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24 Matching News Items |
| 1. |
Pensions & Investments
Dec. 4, 2013
"Pension funds have to focus on the longer-term view and can't look at quarterly or yearly returns when allocating money to assets, [BlackRock CEO Laurence D. Fink] said. Since March 9, 2009, when the stock market closed at its lowest after the financial crisis, the S&P 500 has advanced 165%. 'I truly believe the experience we've just witnessed over the last several years explains more than ever why you have to have an outcome-oriented investment process,' Mr. Fink said, referring to the stock market rally."
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| 2. |
Pensions & Investments
Aug. 23, 2023
"That 9% of ESG proposals which BlackRock supported this year is down sharply from 2022, when BlackRock's investment stewardship team (BIS) supported 24% of such proposals, and from 2021, when it supported 43%.... BlackRock's support for management proposals, however -- which accounted for more than 99% of the roughly 172,000 proposals voted on by BIS -- remained high at 88%."
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| 3. |
Pensions & Investments
Mar. 25, 2021
"The complaint alleged that BlackRock 'selected and retained high-cost and poor-performing investment options, with excessive layers of hidden fees that are not included in the fund expense ratios' in the 401(k) plan and noted that 'almost all' of the investment options in the plan were BlackRock funds."
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| 4. |
Pensions & Investments
Dec. 1, 2022
"Florida Chief Financial Officer Jimmy Patronis announced the state's Treasury department is terminating BlackRock from the management of $2 billion in the state's long-duration portfolio and its short-term investment fund.... The Florida State Board of Administration in August passed a resolution that all decisions related to the investment management of the $170.9 billion Florida Retirement System will not include ESG considerations."
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| 5. |
Pensions & Investments
Sept. 10, 2015
"Mr. Hallac, who joined the firm in 1988 as its first employee, became BlackRock's chief operating officer in 2009 and co-president in 2014. He was instrumental in creating the firm's end-to-end investment and risk management operating system, Aladdin."
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| 6. |
Pensions & Investments
July 8, 2024
"BlackRock isn't a defendant in this case nor is it a defendant in 10 other lawsuits against various sponsors making the same or similar allegations by the same law firm ... Among the lawsuits where judges have acted on sponsors' use of the BlackRock Lifepath Index Retirement Funds, only one -- against Genworth Financial Inc. -- has survived a motion to dismiss." [Kistler v. Stanley Black & Decker Inc., No. 22-0966 (D. Conn. Jul. 3, 2024)]
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| 7. |
Pensions & Investments
Aug. 8, 2022
"The lawsuits bring to eight the number of ERISA lawsuits in recent days ... against sponsors and fiduciaries alleging that they should not have retained the BlackRock Lifepath Index Funds. Plaintiffs contend that the BlackRock series had a poorer overall performance than four other popular target-date series, some of which were passive and some of which were actively managed."
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| 8. |
Pensions & Investments
Aug. 1, 2018
"The company will offer two new index funds to individual investors with a zero expense ratio ... Additional fuel for the price competition among money managers has come from a practice that involves asset managers loaning out shares of companies. In exchange, the firms get cash collateral, which they can reinvest for a return to help offset fees associated with index funds and exchange-traded funds."
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| 9. |
BlackRock in Pensions & Investments
May 11, 2017
20 pages. "[T]he next evolution of investment menus needs to be driven through four steps: [1] Consider supplementing low cost, broad index positions with additional sources of diversification and return with white label, factor and rules-based smart beta strategies; [2] Expand the fixed income opportunity set to target the potential for stronger returns and income; [3] Reexamine the target date fund as part of the full menu review; [4] Unlock and realign legacy default assets through reenrollment."
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| 10. |
Institutional Investor
Sept. 27, 2018
"Asset managers are working to make target-date funds -- the go-to defined contribution vehicle -- look more like what preceded them: defined benefit plans. DB plans have historically delivered higher investment returns with less volatility than their pay-as-you-go counterparts, in part due to a broader investable universe. A number of multi-asset firms have looked to one product to help bridge the DC-DB divide: real estate investment trusts, or REITs."
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