Laurence Fink News
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Pacific Investment Management Co.’s new normal, the prediction that global economic growth and investment returns would tumble, is proving half right.
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More than 150 chief executive officers, including JPMorgan Chase & Co.’s Jamie Dimon and Goldman Sachs Group Inc.’s Lloyd Blankfein, called on President Barack Obama and House Speaker John Boehner to compromise on a budget deal that would include new tax revenue and spending cuts.
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Bill Gross, manager of the world’s largest mutual fund, said Europe poses the biggest risk to the U.S. economy.
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Speculation is building over who might replace Tim Geithner as Treasury secretary if President Barack Obama wins a second term. Less attention is being paid to what Geithner -- who's made no secret of his plans to leave -- might do next.
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Joe Dear is giving a pep talk to more than two dozen colleagues at the California Public Employees’ Retirement System. As Dear paces before his people on this July afternoon in Sacramento, he implores them to shake off the funk of the pension fund’s recent troubles.
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After the largest U.S. pension fund lost $70 billion and got embroiled in an influence- peddling scandal, new investment chief Joe Dear says the only way out of this mess is to take more risk.
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More U.S. exchange-traded funds and notes are being liquidated than ever before, victims of investor apathy after their ranks increased threefold since 2008.
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James Burton didn’t have a penny invested in gold of the $142.8 billion he managed as chief executive officer of the California Public Employees’ Retirement System in 2002. Why would he? The metal had been in a bear market for two decades.
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Barclays Plc, the U.K.’s second- largest bank by assets, will sell its entire $6.1 billion stake in BlackRock Inc. before the latest round of Basel rules stops it from counting the holding as capital.
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BlackRock Inc., the world’s biggest asset manager, issued $1.5 billion of bonds at its lowest coupons on record to help fund a $1 billion share repurchase from minority owner Barclays Plc.
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