NEW YORK, September 29, 2022--BlackRock, Inc. (NYSE: BLK) today announced that it will report third quarter 2022 earnings prior to the opening of the New York Stock Exchange on Thursday, October 13, 2022. Chairman and Chief Executive Officer, Laurence D. Fink, President, Robert S. Kapito, and Chief Financial Officer, Gary S. Shedlin, will host a teleconference call for investors and analysts at 8:30 a.m. ET. BlackRock’s earnings release and supplemental materials will be available via the invest
A top BlackRock executive defended an investing strategy that has plunged UK pension funds into crisis, blaming “turbulence induced by policy decisions” for the disruption. Mark Wiedman, head of international and corporate strategy at BlackRock, said so-called liability-driven investing was going though “adolescent pains” after the UK mini-Budget last week. A sell-off in the gilts market sparked by Kwasi Kwarteng’s tax cuts brought pensions funds to the brink of default because of LDI strategies that include the use of derivatives.
In the latest trading session, BlackRock (BLK) closed at $585.43, marking a +1.18% move from the previous day.