BlackRock, Inc. is a multi-national investment company based in New York City. It was founded in 1988 as a risk management firm. Originally established as a fixed-income institutional asset manager, BlackRock is now the world’s largest asset manager, managing more than US$10 trillion in assets as of January 2022.
BlackRock’s controversial global investment activities have caused concern. It has invested heavily in the fossil fuel industry, which is known to be harmful to frontline communities around the world. It has also been accused of supporting the use of police against protesters and BIPOC communities. While BlackRock has worked to brand itself as sensitive to these issues, its investment activities still harm African, Indigenous and other people of color around the world.
As the world’s largest money manager, BlackRock has become increasingly influential in Washington, DC. It has many high-ranking employees who were once government officials. President Obama’s former senior economic advisor, Deese, and former National Economic Council deputy director Adeyemo have both been linked to the firm.
Blackrock employs a variety of investment styles to suit different risk profiles. Their experts utilize proprietary software to carefully analyze investments and manage risk. They also offer alternative investments, including private assets, real estate, infrastructure, and hedge funds.