Recent events
2025-03-15
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Fink publicly suggested reforming Social Security with private investment accounts, while BlackRock manages the majority of the existing federal employee retirement system that such a reform would expand
2024-06-15
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PRIMARY
BlackRock manages the majority of the Federal Thrift Savings Plan (TSP) investment funds (F, C, S, and I Funds), which held an estimated $800+ billion in retirement investments for millions of federal employees and…
2024-06-15
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PRIMARY
In his 2022 annual letter to CEOs, Fink wrote that 'capitalism has the power to shape society.' In his 2024 letter, Fink did not use the word 'ESG' once, marking a public retreat from the framework he had championed…
2024-06-15
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SECONDARY
BlackRock's Aladdin risk platform is estimated to monitor $21.6 trillion in assets globally — greater than the U.S. GDP — used by pension funds, sovereign wealth funds, central banks, and insurance companies including…
2024-06-15
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PRIMARY
Fink sits on the board of the Council on Foreign Relations and has served on the board of NYU. He is a trustee of the Robin Hood Foundation.
2024-06-15
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PRIMARY
BlackRock manages the C Fund (S&P 500), F Fund (bond index), S Fund (small-cap), and I Fund (international) of the federal Thrift Savings Plan, covering an estimated 6.7 million federal employees and military members…
2024-06-15
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SECONDARY
Despite Fink's great influence, he is not widely known publicly apart from regular appearances on CNBC, reflecting a deliberate low-profile strategy for someone controlling $10T+ in assets
2024-06-15
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PRIMARY
BlackRock increased Fink's security budget substantially amid anti-ESG backlash. SEC proxy filings show personal security costs for Fink were reported as a perquisite, rising to over $4 million in fiscal 2023.
2024-06-15
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SECONDARY
Fink stated in a 2024 interview and in his annual letter that Americans need to 'rethink retirement' and work longer, and suggested that Social Security should incorporate private investment accounts — a proposal that…
2024-06-15
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SECONDARY
BlackRock's Aladdin (Asset, Liability, Debt and Derivative Investment Network) risk management platform processes an estimated $21.6 trillion in assets globally, used by institutions including CalPERS ($260B), Deutsche…
2024-04-15
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SECONDARY
BlackRock doubled security spending for CEO Fink amid growing personal backlash related to ESG investing controversy
2023-12-15
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Ramaswamy called Fink 'the king of the woke industrial complex' during Republican primary debates; DeSantis pulled $2 billion from BlackRock — reflecting how Fink became a political target from the right while…
2023-09-15
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SECONDARY
Strive Asset Management hit $1 billion in assets within one year of founding, backed by Peter Thiel and Bill Ackman, explicitly positioning itself against BlackRock's ESG investing approach
2022-06-15
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Peter Thiel backed Strive Asset Management, founded by Vivek Ramaswamy in 2022, as an explicit anti-BlackRock vehicle designed to counter ESG investing — while Thiel simultaneously profits from Matt Danzeisen's…
2020-06-15
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During the COVID-19 pandemic in 2020, the Federal Reserve again turned to BlackRock for no-bid contracts to purchase distressed securities, including corporate bonds and corporate bond ETFs under a $750 billion program…
2020-06-15
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SECONDARY
BlackRock's 2020 COVID-era Fed contract allowed BlackRock to purchase its own iShares ETF products using Federal Reserve money, creating a direct conflict where BlackRock profited from both the advisory fee and the…
2020-05-15
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SECONDARY
The Fed's 2020 contract with BlackRock explicitly permitted BlackRock to buy its own iShares ETF products. In the first two weeks BlackRock purchased approximately $1.58 billion in investment-grade corporate bond ETFs…
2020-03-24
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In March 2020 the Federal Reserve again hired BlackRock on a no-bid basis to manage three COVID-era credit facilities: the Primary Market Corporate Credit Facility, Secondary Market Corporate Credit Facility, and…
2019-06-15
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As of 2019, retirement funds accounted for two-thirds of BlackRock's investment portfolio, making retirees' savings the primary source of BlackRock's asset management fees
2019-06-15
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SECONDARY
BlackRock was fined $3.52 million in Germany for flawed reporting and violations of regulatory deadlines
2016-08-10
Other facts
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Larry Fink filed filing with the SEC on 2016-08-10. Accession number: N/A.
2016-06-15
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SECONDARY
In 2016, Fink aspired to become Hillary Clinton's Treasury Secretary, reflecting his deep connections to the Democratic political establishment
2016-06-15
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SECONDARY
Fink was reported by multiple outlets including Politico and the Wall Street Journal to have actively sought the Treasury Secretary position in a prospective Hillary Clinton administration in 2016, consulting with…
2016-06-15
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PRIMARY
FEC records show Fink has made personal political contributions primarily to Democratic candidates and committees, including contributions to the Hillary Clinton 2016 presidential campaign and various Democratic Senate…
2009-06-15
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BlackRock's crisis-era government contracts led to relationships with Obama's Treasury Secretary Tim Geithner and other members of the Obama economic recovery team; BlackRock also hired many former executive branch…
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