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A comment on BlackRock suffers $1.7T loss in 6 months: Worlds largest asset manager. Parent comment

Re:BlackRock suffers $1.7T loss in 6 months: Worlds largest ... by Rastonbury on Thursday July 21, 2022 @05:06AM (#32177175)
When has Blackrock tanked a stock and where are the ESG changes? Ultimately the are fiduciary as an asset manager for their clients they can't decide to tank stocks for fun. A huge part of the holdings are in ETF which they can threaten to sell. Any deviation from typical huge fund manager behaviour when it come to governance is big finance news they hardly ever go against the grain. The biggest reason tho is that no one in Finance really gives a hoot about ESG, only returns
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Re:BlackRock suffers $1.7T loss in 6 months: Worlds largest ... by vba616 on Thursday July 21, 2022 @07:57PM (#32186793)
>Any deviation from typical huge fund manager behaviour

You make it sound extremely subjective, but Blackrock is (I think) mostly managing index funds, and it should be easy to quantify how well they track an index.

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Re:BlackRock suffers $1.7T loss in 6 months: Worlds largest ... by Rastonbury on Friday July 22, 2022 @12:45AM (#32188621)
I'm talking about corporate governance stuff like AGM and voting. They own a so much of companies because of index funds, but when they do make noise it makes the headlines of finance news.
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