BlackRock, Inc. is the world's largest asset managers. The internationally active American financial companies is headquartered in New York City and is primarily active in asset and risk management. Black Rock is also the world's biggest shadow banking. The shares are listed on the New York Stock Exchange. The largest shareholder is PNC Financial Services 21.9 %. (12/ 2013).
The result is the company in 1988, initially as Financial Management group within the Blackstone Group. The founders Larry Fink, Ralph Schlosstein and Keith Anderson broke up in 1992 by Blackstone and justified under the BlackRock name an asset management company that they brought to the stock market in 1999. In 1995 a merger with PNC, which BlackRock took over the responsibility for mutual funds from PNC and PNC was responsible for the management of bond investments.
On 29 September 2006 BlackRock completed its merger with Merrill Lynch Investment Managers ( MLIF ). Since this merger BlackRock is one of the world's biggest asset management company with assets under management of 3.792 trillion U.S. dollars in 2012. 1 October 2007, was taken over the fund of funds business of the Quellos Capital Management. In 2013 the value of the assets managed 4.096 trillion U.S. dollars, respectively.
In June 2009, BlackRock acquired Barclays the entire asset management Barclays Global Investors ( BGI) for 13.5 billion U.S. dollars and thus increased the world's largest asset managers in front of UBS ( 2 trillion U.S. dollars) at. With BGI also changed one of the leading providers of ETF - iShares - the owner.
BlackRock invested in January 2013 80 million U.S. dollars in Twitter ( and thus makes the service about seven percent more valuable than the end of 2011 ). Overall, Twitter will thus now valued at $ 9 billion, write the news agency Reuters and the Financial Times, citing insiders.
BlackRock in Germany, Austria and Switzerland
BlackRock sells in German-speaking to private investors, the mutual fund its capital investment company " BlackRock Global Funds " (BGF ) (formerly MLIIF - Merrill Lynch International Investment Funds ), of which more than 200 are available in Germany and Austria different, in Switzerland, about 50
The ETF iShares division distributes its exchange-traded fund in Germany, Austria and Switzerland.
- Money rules the world. Germany, 2014, 45 min, by Tilman Achtnich and Hans Peter Michel, Production: SWR, First broadcast January 13, 2014 (online).