BlackRock Inc. is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager, with $7.4 trillion in assets under management as of end-Q4 2019.
BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power, and the sheer size and scope of its financial assets and activities, BlackRock has been called the world’s largest shadow bank.
Along with Vanguard and State Street, BlackRock is considered one of the Big Three index funds that dominate corporate America. In January 2020 BlackRock announced that it would begin divestment from thermal coal and take other measures to make its assets more sustainable.
Traded as: NYSE: BLK; S&P 100 component; S&P 500 component
Industry: Investment management
Founded: 1988; 32 years ago
Founders: Bob Kapito; Larry Fink
Headquarters: New York City, New York, U.S.
Products: Asset management; Risk management
Subsidiaries:
- BlackRock Institutional Trust Company, N.A.
- BlackRock Fund Advisors
- BlackRock Group Ltd
Website: www.BlackRock.com