Latest news with #MarkO'Hare
Yahoo
17-03-2025
- Business
- Yahoo
BlackRock (NYSE:BLK) Launches iShares Managed Futures Active ETF to Enhance $41 Billion Active ETF Platform
BlackRock recently launched the iShares Managed Futures Active ETF (ISMF), yet the company's stock price fell by 6% last week amid broader market challenges. This downturn coincided with a general market slip of 4.4%, as fears regarding economic stability and inflation took center stage, with concerns amplified by a lack of clarity on U.S. economic policy. The recent downtick of major indices, such as the tech-weighted Nasdaq Composite's 1.7% drop, and Adobe's disappointing outlook, added to market volatility. Investors were likely cautious about committing to equities, including those in financial sectors like BlackRock, enhancing the impact of the broader slide. Despite a new product offering that could eventually appeal to investors seeking risk management and diversification, these larger economic and market factors likely overshadowed the potential positive reception of BlackRock's ETF expansion in the short term. Gain insight into the risks facing BlackRock and how they might influence its performance—click here to read more. Contemplating Other Strategies? Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the best rare earth metal stocks of the very few that mine this essential strategic resource. Over the past five years, BlackRock's total shareholder return reached 175.59%, showcasing significant growth when considering both share price appreciation and dividends. Notably, the company's performance fell short of the Capital Markets industry over the past year as it returned 16.1%, in contrast to BlackRock's return. Several key developments have shaped BlackRock's performance in this period. The March 2024 launch of the BlackRock USD Institutional Digital Liquidity Fund marked a pioneering move into blockchain for liquidity and yield access. Regular dividend increases, like the recent adjustment to US$5.21 per share, fortified investor confidence with a steady income stream. The acquisition of Preqin brought innovation with founder Mark O'Hare stepping aboard as Vice Chair. However, BlackRock faces challenges such as a lawsuit from the Texas Attorney General, underscoring the sector's heightened legal scrutiny. Moreover, this period also saw strategic executive changes and partnerships, reflecting BlackRock's evolving focus on sustainable solutions and operational efficiencies. Got skin in the game with BlackRock? Elevate the management of your position by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:BLK. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
03-03-2025
- Business
- Yahoo
BlackRock Establishes Preeminent Private Markets, Technology, and Data Provider with Close of Preqin Acquisition
NEW YORK & LONDON, March 03, 2025--(BUSINESS WIRE)--BlackRock Inc. (NYSE:BLK) today announced the successful completion of its acquisition of Preqin, a premier independent provider of private markets data. This strategic transaction strengthens BlackRock's ability to serve clients' whole portfolios — across public and private markets — by combining investment, technology, and data solutions in one platform. Private markets are the fastest-growing segment of global investing, with alternative assets projected to reach $30 trillion by the end of the decade, according to Preqin data. As capital markets evolve, private markets are playing an increasingly important role in financing global growth. Institutional and wealth investors continue to increase allocations to these markets as they seek to optimize returns and diversify their long-term capital, yet these allocations have been artificially limited by a lack of transparency. With Preqin, BlackRock takes a major step forward to address this need, positioning its private markets platform to deliver investments, technology, and data holistically to power next-generation investment solutions for clients. Rob Goldstein, BlackRock's Chief Operating Officer, said, "BlackRock is a perpetual reinvention machine, evolving continuously to stay ahead of our clients' rapidly changing needs. Today, clients are seeking a 'common language' for investing that requires better data to drive investment decisions, manage risk, and construct portfolios. With Preqin, a part of BlackRock, we will seek to meet this need, accelerating clients' ability to allocate to the growth of private markets and furthering our aspirations to deliver greater value across their whole portfolios." Mark O'Hare, Founder of Preqin, said, "For decades, investors in private markets have lacked the robust data they need to make fully informed decisions and incorporate private assets into their portfolios at scale. By marrying Preqin with BlackRock's technology offering, we are even better placed to tackle this challenge and help clients build more diverse, resilient portfolios by delivering the transparency and insights they seek." Preqin, a part of BlackRock From the outset, Preqin will extend BlackRock's suite of technology offerings, with clients continuing to use Preqin with the same level of expert service. Preqin will remain available as a standalone solution, while joint customers will benefit immediately from product integrations, such as access to Preqin benchmarks within Aladdin. Over time, BlackRock will integrate Preqin's proprietary data and research tools with Aladdin and eFront. This unification of data, research, and investment processes will transform private markets investing across fundraising, deal sourcing, portfolio management, accounting, and performance reporting. Sudhir Nair, Global Head of Aladdin, commented, "We are on a journey to make private markets more accessible and transparent for clients through data and technology. We accelerated this ambition in 2019 with our acquisition of eFront, enhancing private markets investment technology and, in combination with Aladdin, enabling the whole portfolio across public and private assets. Today, this ambition takes another leap forward with the addition of Preqin's data, benchmarks, and analytics capabilities." The acquisition significantly enhances BlackRock's investment technology capabilities, marking a strategic expansion into the rapidly growing private markets data segment, which is expected to grow to an $18 billion total addressable market by 2030. With a history spanning over 20 years, Preqin is an industry-recognised independent data solutions provider in private markets, empowering investors to make informed decisions by providing data and insights that enhance transparency and access across the global alternatives market. Its platform covers 210,000 funds and has over 220,000 users, including asset managers, insurers, pensions, wealth managers, banks, and other service providers. Following the transaction, Preqin founder Mark O'Hare has joined BlackRock as a Vice Chair. Barclays served as lead financial advisor to BlackRock, with Skadden, Arps, Slate, Meagher & Flom acting as legal counsel. About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit About Preqin, a part of BlackRock Preqin empowers financial professionals who invest in or allocate to private markets with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. Preqin has pioneered rigorous methods of collecting private data for over 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. Acquired by BlackRock in 2025, Preqin complements the existing Aladdin technology platform to provide investment solutions for the whole portfolio. For more information visit View source version on Contacts Bart
Associated Press
03-03-2025
- Business
- Associated Press
BlackRock Establishes Preeminent Private Markets, Technology, and Data Provider with Close of Preqin Acquisition
BlackRock Inc. (NYSE:BLK) today announced the successful completion of its acquisition of Preqin, a premier independent provider of private markets data. This strategic transaction strengthens BlackRock's ability to serve clients' whole portfolios — across public and private markets — by combining investment, technology, and data solutions in one platform. Private markets are the fastest-growing segment of global investing, with alternative assets projected to reach $30 trillion by the end of the decade, according to Preqin data. As capital markets evolve, private markets are playing an increasingly important role in financing global growth. Institutional and wealth investors continue to increase allocations to these markets as they seek to optimize returns and diversify their long-term capital, yet these allocations have been artificially limited by a lack of transparency. With Preqin, BlackRock takes a major step forward to address this need, positioning its private markets platform to deliver investments, technology, and data holistically to power next-generation investment solutions for clients. Rob Goldstein, BlackRock's Chief Operating Officer, said, 'BlackRock is a perpetual reinvention machine, evolving continuously to stay ahead of our clients' rapidly changing needs. Today, clients are seeking a 'common language' for investing that requires better data to drive investment decisions, manage risk, and construct portfolios. With Preqin, a part of BlackRock, we will seek to meet this need, accelerating clients' ability to allocate to the growth of private markets and furthering our aspirations to deliver greater value across their whole portfolios.' Mark O'Hare, Founder of Preqin, said, 'For decades, investors in private markets have lacked the robust data they need to make fully informed decisions and incorporate private assets into their portfolios at scale. By marrying Preqin with BlackRock's technology offering, we are even better placed to tackle this challenge and help clients build more diverse, resilient portfolios by delivering the transparency and insights they seek.' Preqin, a part of BlackRock From the outset, Preqin will extend BlackRock's suite of technology offerings, with clients continuing to use Preqin with the same level of expert service. Preqin will remain available as a standalone solution, while joint customers will benefit immediately from product integrations, such as access to Preqin benchmarks within Aladdin. Over time, BlackRock will integrate Preqin's proprietary data and research tools with Aladdin and eFront. This unification of data, research, and investment processes will transform private markets investing across fundraising, deal sourcing, portfolio management, accounting, and performance reporting. Sudhir Nair, Global Head of Aladdin, commented, 'We are on a journey to make private markets more accessible and transparent for clients through data and technology. We accelerated this ambition in 2019 with our acquisition of eFront, enhancing private markets investment technology and, in combination with Aladdin, enabling the whole portfolio across public and private assets. Today, this ambition takes another leap forward with the addition of Preqin's data, benchmarks, and analytics capabilities.' The acquisition significantly enhances BlackRock's investment technology capabilities, marking a strategic expansion into the rapidly growing private markets data segment, which is expected to grow to an $18 billion total addressable market by 2030. With a history spanning over 20 years, Preqin is an industry-recognised independent data solutions provider in private markets, empowering investors to make informed decisions by providing data and insights that enhance transparency and access across the global alternatives market. Its platform covers 210,000 funds and has over 220,000 users, including asset managers, insurers, pensions, wealth managers, banks, and other service providers. Following the transaction, Preqin founder Mark O'Hare has joined BlackRock as a Vice Chair. Barclays served as lead financial advisor to BlackRock, with Skadden, Arps, Slate, Meagher & Flom acting as legal counsel. About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit About Preqin, a part of BlackRock Preqin empowers financial professionals who invest in or allocate to private markets with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. Preqin has pioneered rigorous methods of collecting private data for over 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. Acquired by BlackRock in 2025, Preqin complements the existing Aladdin technology platform to provide investment solutions for the whole portfolio. For more information visit SOURCE: BlackRock Copyright Business Wire 2025. PUB: 03/03/2025 06:52 AM/DISC: 03/03/2025 06:51 AM
