BlackRock Inc. is used to breaking records. The world’s largest asset manager was the first firm to break through $10 trillion of assets under management. But the bigger they are the harder they fall. And this year BlackRock chalked up another record: the largest amount of money lost by a single firm over a six-month period. In the first half of this year, it lost $1.7 trillion of clients’ money.
Source:
Orang Utan, 2017 episode of BBC Breakfast
bloomberg.com, Marc Rubinstein, 20.07.2022
wikimedia.org, Kabir Bakie – Eigenes Werk, CC BY-SA 2.5, 06.08.2022