A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson//File Photoshowed assets under management back below $10 trillion, hurt by the market rout in the first quarter, and cautioned that fees could come under pressure over the rest of the year because of volatile markets.
The New York-based firm ended the quarter with $9.57 trillion in assets under management. While that was up from $9.01 trillion a year earlier it was down from its record $10 trillion in the fourth quarter 2021. "Across the board, you're seeing portfolios are being navigated around fixed income," Fink said, adding that clients "are reevaluating where they should be across the yield curve."
Source: News Formal (newsformal.com)
I just threw up in my mouth a little bit.
Wait what lol
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These Under-$10 Temporary Tattoos Are a Festival Season EssentialThey're the easiest and cheapest festival accessory you can find. 👀
Source: StyleCaster - 🏆 104. / 63 Read more »
U.S. gunmakers to ask judge to toss Mexico's $10 billion lawsuitMajor U.S. gun manufacturers on Tuesday are slated to urge a federal judge in Boston to dismiss a lawsuit by the Mexican government accusing them of facilitating the trafficking of weapons to drug cartels, leading to thousands of deaths in Mexico. Nope.
Source: Reuters - 🏆 2. / 97 Read more »
BlackRock dismisses 3 managing directors for engaging in 'coordinated' effort to quitSteve Lessar, Konnin Tam and Veena Isaac worked for BlackRock's Private Equity Partners business. So it worked.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Circle announces $400 million raise, partnership with BlackRockCircle announced a $400 million funding round and a partnership with BlackRock. Uh oh this can’t be good This is pretty big!
Source: TheBlock__ - 🏆 464. / 53 Read more »
Blackrock, Fidelity to Invest in Crypto Firm Circle's $400 Million Funding Round – Finance Bitcoin NewsBlackrock, Fidelity, Marshall Wace, and Fin Capital are investing in crypto firm Circle. In addition, Blackrock, the world's largest asset manager, has entered into a broader strategic partnership with the crypto firm. Hello Bitcoin forever Bulk/unit BTC/USDT needed ASAP Rate is good Dm
Source: BTCTN - 🏆 531. / 51 Read more »
USDC Issuer Circle Raises $400MJUST IN: circlepay raised $400 million from investors including asset management giant BlackRock, which is 'exploring capital market applications for USDC.' zackseward reports
Source: CoinDesk - 🏆 291. / 63 Read more »