The markdowns were triggered by failed investments in now-defunct renewable firms Northvolt and SolarZero, Bloomberg reported, citing a letter to clients written by GIP executives. That ...

The world's largest money manager has had a big week. It bagged a "transformational deal," shook up its leadership, announced layoffs of 3% of its staff, and launched its long-awaited bitcoin ETF.

Moreover, on Oct. 1, 2024, BlackRock completed the acquisition of Global Infrastructure Partners (“GIP”). This added about $170 billion in AUM. The Zacks Consensus Estimate for total AUM is ...