asset-management
Latest stories covering asset-management, with summaries and links to related coverage.
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Oil at $150 will trigger global recession, says boss of financial BlackRock
news
5 min read
If oil prices reach $150 a barrel, it would trigger a global recession, according to BlackRock CEO Larry Fink. He stated that ongoing threats from Iran and sustained high oil prices would have significant implications for the world economy.
BlackRock limits withdrawals as redemptions rattle private credit fund
news
3 min read
BlackRock has limited withdrawals from a major debt fund due to a surge in redemption requests amid growing concerns in the $2 trillion private credit industry. Shares of BlackRock fell 6.7% on the New York Stock Exchange following negative U.S. jobs data and escalating geopolitical tensions.