Fink Will Bide His Time, Eyeing New Income Opportunities

OCC Fair Access Rule Banks

In a move looking at post-COVID-19 investment opportunities, the world's largest asset manager BlackRock, led by Larry Fink, has outlined their investment plans during an investor meeting. Due to the COVID-19 pandemic, interest rates around the world are near-zero. As a result, investors are looking for other sources of revenue.

As outlined in their presentation, BlackRock said alternative investments could offer a market-beating edge. These alternatives include private equity, real estate, hedge funds and venture capital. Private market investments recorded 18% revenue growth for the company last year. This is twice the rate of the broader industry.

The company, which manages $279 billion in alternative assets, is moving away from its model of 60% equity, 40% fixed income breakd...

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