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CEO Larry Fink announced a new focus on ESG in January, however the coronavirus has pushed a separate set of urgent issues into the forefront.
April 16
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The firm’s chief investment officer spent as much as a third of that on high-yield funds, according to people with knowledge of the matter.
April 16
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“People are just saying, ‘Why should I pay for an active manager when most of them lose to the benchmark anyway?’ This is a big deal,” an expert says.
April 15
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While the central bank’s support may help keep credit flowing amid the coronavirus, “it doesn’t necessarily improve the outlook for bankruptcies.”
April 15 -
The $349 billion stimulus package from the Small Business Administration provides loans to cover payroll, rent and utilities for up to eight weeks.
April 14
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“I do believe that clients sometimes get too caught up in expense ratios,” an expert says.
April 13
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The fund ditched its tail-risk protection weeks before the coronavirus sent stocks into a tailspin, according to people familiar with its decision.
April 13
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The fund will track industries such as cloud technologies, remote communications and cyber security, according to an SEC filing.
April 9
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The smart-beta pioneer and sub-advisor to money managers has re-calibrated its forecasts after the coronavirus-induced crash reshaped markets.
April 9
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Instead, the billionaire opted for a lucrative credit hedge that earned his firm about $2.6 billion in profits when the market plummeted.
April 7
