Posts tagged 'Laurence Fink'

Just one of your old time corrections

From the man with Austin Powers-like assets under management, apparently:

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The great governments are reading blogs crisis of 2011

Larry Fink, chairman and CEO of BlackRock, reckons he’s found one of the reasons for the world’s troubles.

Comments just in from Wednesday’s Q3 earnings callRead more

BlackRock to launch distressed funds, says Fink

BlackRock, the biggest listed US asset manager, is launching more distressed securities funds to take advantage of the current credit market troubles, chairman and chief executive Laurence Fink said on Tuesday, reports Reuters. Fink said the firm would launch funds investing in distressed mortgages and distressed real estate. These funds would raise “multibillion dollars”, Fink said. BlackRock has already raised a “very large” leveraged-loan fund and is now in the process of investing the money. The firm had $1,300bn in assets under management at the end of September.