BlackRock Total Assets Top $10 Trillion After Comeback
""The inflows and rise in markets in the past three months of the year pushed BlackRock’s total assets under management just over $10 trillion, the world’s largest asset manager said in a statement Friday. That topped the $9.8 trillion estimate of analysts surveyed by Bloomberg but just missed its record AUM from two years ago.
“BlackRock delivered differentiated organic growth and operating margin through historically challenging market and industry conditions in 2022 and 2023,” Chief Executive Officer Larry Fink said in the statement. “When investors were ready to put money back to work, they did it with BlackRock.”
The firm reported fourth-quarter results the same day it said it’s buying Adebayo Ogunlesi’s Global Infrastructure Partners for about $12.5 billion.""
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