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BlackRock urges Texas fund managers to reconsider after $8.5 billion divestment

By Isla Binnie NEW YORK (Reuters) -A senior BlackRock executive said on Thursday the world’s largest asset manager was “dismayed”…

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Business

Texas divests $8.5B from BlackRock, citing asset manager’s ESG policies (NYSE:BLK)

David Tran/iStock Editorial via Getty Images The State of Texas decided on Tuesday to divest $8.5B from BlackRock (NYSE:BLK) amid…

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Business

Managers explore dollar shift to handle faster US stock settlement By Reuters

© Reuters. FILE PHOTO: Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington,…

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Business

Unprotected by a union, managers at UPS take the hit for lost revenue

Accustomed to delivering unwanted gifts like Aunt Kitty’s homemade fruitcake and rather insincere “Sorry we missed you” slips, United Parcel…

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Business

Stampede into money market funds sparks fee bonanza for asset managers

Record inflows into US money market funds in 2023 have triggered a multibillion-dollar fee bonanza for the asset management industry,…

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Science

AI alters middle managers’ work

The introduction of artificial intelligence is a significant part of the digital transformation bringing challenges and changes to the job…

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Business

Top ECB official wants to give risk managers more power on bank bonuses

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.…

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Business

ESG fund managers worry about blowback if AI goes rogue

ESG fund managers who turned to big tech as a low-carbon, high-return bet are growing increasingly anxious over the sector’s…

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