BlackRock AUM falls 11% in 'worst start to the year in half a century' for capital markets

clock • 2 min read
Larry Fink said that the first half of 2022 brought an investment environment "not seen in decades".
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Larry Fink said that the first half of 2022 brought an investment environment "not seen in decades".

The world's largest asset manager has seen its assets under management drop by 11% in what chair and CEO Larry Fink (pictured) described as an investment environment "not seen in decades" and "the worst start to the year for both stocks and bonds in half a century". BlackRock's AUM fell to $8.5trn in the second quarter of the year due to declining asset prices and a strengthening dollar, marking the company's second consecutive quarterly drop after topping $10trn at the end of 2021, report...

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