Various hedgefunds have been really struggling. IDK about Blackrock as a whole, but I know that the company I currently work for was until very recently owned by Blackrock and shortly after the acquisition an investigation by the DOL concluded and the resulting media shitstorm caused a lot of customers to break contract in short succession. The company has not been profitable since then. Blackrock recently sold the organization to a large bank (I forget which one) presumably at quite a loss given how much the company has shrunk since they bought it (went from 30k employees down to around 15k!)
What is happening with Black Rock?
Various hedgefunds have been really struggling. IDK about Blackrock as a whole, but I know that the company I currently work for was until very recently owned by Blackrock and shortly after the acquisition an investigation by the DOL concluded and the resulting media shitstorm caused a lot of customers to break contract in short succession. The company has not been profitable since then. Blackrock recently sold the organization to a large bank (I forget which one) presumably at quite a loss given how much the company has shrunk since they bought it (went from 30k employees down to around 15k!)