Profile: BlackRock Inc (BLK)
17 Apr 2015
BlackRock, Inc. (BlackRock), incorporated on February 13, 2006, is an investment management firm. The Company provides a range of investment and risks management services. The Company's clients include retail, high net worth (HNW) and institutional investors, consists of pension funds, official institutions, endowments, insurance companies, corporations, financial institutions, central banks and sovereign wealth funds. The Company's platform enables it to offer active (alpha) investments with index (beta) products and risk management to develop solutions for clients. The Company’s product range includes single- and multi-asset class portfolios investing in equities, fixed income, alternatives and/or money market instruments. The Company offers the products directly and through intermediaries in a variety of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs) and other exchange-traded products, collective investment funds and separate accounts. The Company also offer the BlackRock Solutions (BRS) risk management and advisory services primarily to institutional investors.
Assets Under Management (AUM
The AUM represents the range of financial assets the Company manages for clients on a discretionary basis pursuant to investment management agreements that are expected to continue for at least 12 months. Reported AUM reflects the valuation methodology that corresponds to the basis used for billing. Investment management fees are expressed as a percentage of AUM. In addition, BlackRock offers its Aladdin investment system as well as risk management, outsourcing and advisory services, to institutional investors under the BRS name.
The Company serves a diverse mix of institutional and retail investors worldwide. Clients include tax-exempt institutions, such as defined benefit and defined contribution pension plans, charities, foundations and endowments; official institutions, such as central banks, sovereign wealth funds, supranationals and other government entities; taxable institutions, including insurance companies, financial institutions, corporations and third-party fund sponsors; and retail and HNW investors. The Company also serve both institutional and retail and HNW investors who acquire iShares on exchanges worldwide.
The Long-term product offerings include active and passive strategies. The Company’s active strategies seek to earn returns in excess of a market benchmark or performance hurdle while maintaining an appropriate risk profile. The Company offers two types of active strategies: those that rely primarily on fundamental research and those that utilize primarily quantitative models to drive portfolio construction. The passive strategies seek to closely track the returns of a corresponding index, by investing in substantially the same underlying securities within the index or in a subset of those securities selected to approximate a similar risk and return profile of the index. Passive strategies include both institutional non-ETF index products and iShares ETFs. BlackRock’s multi-asset class team manages a range of bespoke mandates for a diversified client base that leverages its investment expertise in global equities, currencies, bonds and commodities, and its extensive risk management capabilities. The Company’s s multi-asset strategies include Asset allocation and balanced products, Target date and target risk products and Fiduciary management services. iShares. As of December 31, 2013, iShares offered the product set in the industry with 703 ETPs and serves the client base, covering 25 countries on five continents.
Securities lending, which is offered as a potential source of incremental returns on long-term portfolios, is managed by a dedicated team, supported by quantitative analysis, technology and disciplined risk management. The cash management team invests the cash it receives as collateral for securities on loan in other portfolios. Fees for securities lending can be structured as a share of earnings and/or as a management fee based on a percentage of the value of the cash collateral.
Risk & Quantitative Analysis
Across all asset classes, in addition to the efforts of the portfolio management teams, the Risk & Quantitative Analysis (RQA) group at BlackRock draws on extensive analytical systems and third-party data to identify, measure and manage a range of risks. RQA provides risk management advice and independent risk oversight of the investment management processes, identifies and helps manage counterparty and operational risks, coordinates standards for firm investment performance measurement and determines risk management-related analytical and information requirements.
55 E 52nd St
NEW YORK NY 10055-0002
Company Web Links
- BlackRock first-quarter fund flows jump; to beef up quantitative equity team
- UPDATE 3-BlackRock 1st-qtr fund flows jump; to beef up quantitative equity team
- BlackRock to ramp up quant investing team-Fink
- BlackRock's Fink favors equities in Europe over U.S.: CNBC
- REFILE-UPDATE 1-BlackRock quarterly profit rises as money pours into ETFs