All posts tagged "Assetmanagement"

Forbes published its annual billionaires list Tuesday and for the first time in years, hedge fund manager Ken Griffin is not the richest person in Illinois. That’s because Griffin, 54, is now the richest person in Florida after moving his investment firm Citadel from Chicago to Miami last year. Griffin ranks 35th among the world’s 2,640 billionaires with a net worth of $35 billion, according to Forbes. While Griffin’s fortune increased by nearly $8 billion, it has been a tough year for billionaires overall. A falling stock market and rising interest rates left more than half of the world’s wea......

Florida will pull $2 billion from the largest asset-management firm in the world over ideological differences. State Chief Financial Officer Jimmy Patronis announced Thursday that Florida will immediately freeze about $1.43 billion in long-term securities and about $600 million in short-term overnight investments managed by BlackRock because of the firm’s use of “Environmental, Social, and Governance” standards — known as ESG. Patronis in a statement said he doesn’t “trust BlackRock’s ability to deliver” and “BlackRock CEO Larry Fink is on a campaign to change the world.” “Whether stakeholder ......