Strive Asset Management

→ Larry Fink person

target_of likely

Strive Asset Management, backed by Peter Thiel and Bill Ackman, was founded in 2022 explicitly to counter BlackRock's ESG investing approach. Strive hit $1B in assets within one year. Ramaswamy (Strive co-founder) called Fink 'the king of the woke industrial complex.'

→ Robert Rubin person

historical_irony inferential

Thiel funds Strive to attack BlackRock's ESG investing. But BlackRock only achieved its dominant position because of the 2008 crisis, which was caused by the deregulation that Rubin championed. Thiel's attack on Fink is enabled by the same crisis-era dynamics that Rubin's protege Danzeisen brought into the Thiel network.

← Peter Thiel person

backer confirmed

Thiel financially backs Strive Asset Management to compete against BlackRock's ESG approach