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BlackRock, Inc. (BLK) Goldman Sachs 2024 U.S. Financial Services Conference (Transcript)
2024-12-11 05:29
行业或公司 * **BlackRock, Inc. (NYSE:BLK)**: 全球最大的资产管理公司,管理资产超过11万亿美元。 核心观点和论据 * **有机增长势头强劲**: 2023年第三季度,BlackRock实现了超过2200亿美元的流入,目标5%的有机增长。截至第三季度末,资产管理规模(AUM)达到11.5万亿美元,同比增长26%。 * **2025年有机增长目标**: 由于GenAI的颠覆性影响、通胀下降、经济增长放缓的信号未实现以及美国选举后的积极客户情绪,BlackRock对2025年的有机增长目标充满信心。 * **固定收益市场**: 尽管现金仍然是客户的避风港,但预计随着利率的适度下调,投资者将开始重新承担风险,并将资金重新分配到固定收益市场。 * **私募市场**: BlackRock在私募市场进行了大量收购,包括全球基础设施合作伙伴(GIP)和HPS,以扩大其平台并增强其能力。 * **Preqin的收购**: Preqin的收购将有助于扩大BlackRock在投资、数据和工作流程方面的能力,并可能为私募市场创造可投资的指数。 * **iShares**: iShares是BlackRock增长最快的业务,预计到2030年,固定收益ETF的规模将从2万亿美元增长到6万亿美元。 * **主动ETF**: BlackRock在主动ETF市场拥有超过80只产品,其中包括两只最受欢迎的主动ETF。 其他重要内容 * **文化契合度**: BlackRock在收购时非常重视文化契合度,确保新业务与公司的使命和价值观一致。 * **人才**: BlackRock认为人才是其最重要的资产,并致力于投资于员工的发展。 * **固定成本规模**: BlackRock致力于通过固定成本规模来提高盈利能力。 * **股东价值**: BlackRock的目标是通过实现差异化有机增长、运营杠杆和营销扩张以及一致的资本管理政策来为股东创造价值。
US Stocks Likely To See Tepid Opening As Bitcoin Blasts Through $103,000: Investors Eye Jobless Claims Data While BlackRock Expects 'US Exceptionalism' To Power Earnings In 2025
Benzinga· 2024-12-05 19:36
U.S. stocks could open on a weak note on Thursday after the averages closed at a record high on Wednesday. Futures of all three major indices were marginally down on Thursday, pointing to cautious sentiment on Wall Street.The tentativeness in U.S. futures comes after Federal Reserve chair Jerome Powell tried to downplay expectations of swift rate cuts, citing a strong economy and uncertainty about inflation."The labor market is better, and the downside risks appear to be less in the labor market. Growth is ...
BLK's Buyout of HPS Investment: A Leap Into the Private Credit Market
ZACKS· 2024-12-04 23:21
BlackRock Inc. (BLK) has announced a definitive agreement to acquire HPS Investment Partners for $12 billion in an all-equity transaction. The move signals the company’s deeper foray into the private credit market, which is rapidly emerging as one of the most lucrative sectors in global finance.Private credit, or non-bank lending to businesses, has grown exponentially in recent years as stricter banking regulations limit traditional lenders’ ability to finance riskier loans. Institutions like HPS Investment ...
BlackRock pens $12bn deal to buy investment firm HPS
Proactiveinvestors NA· 2024-12-03 22:11
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...
BlackRock Acquires Private Credit Manager HPS for $12 Billion
Investopedia· 2024-12-03 21:50
Key TakeawaysBlackRock is acquiring HPS Investment Partners in a deal valued at roughly $12 billion.The move to buy HPS is the asset management giant's latest push into the growing world of private credit.The nearly $150 billion managed by HPS will bring BlackRock's managed "alternative assets" to about $600 billion, the Wall Street Journal reported. BlackRock (BLK) has agreed to acquire private credit firm HPS Investment Partners in a deal valuing the company at about $12 billion, as BlackRock continues it ...
BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion
CNBC· 2024-12-03 19:51
Andrew Ross Sorkin speaks with BlackRock CEO Larry Fink during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City.BlackRock said Tuesday it will acquire HPS Investment Partners for $12 billion in stock, as the world's largest asset manager looks to grow its presence in the highly popular private credit space. "We have always sought to position ourselves ahead of our clients' needs. Together with the scale, capabilities, and expertise of t ...
Behind BlackRock's ambitions to push into private markets
Business Insider· 2024-12-03 18:00
Advertisement BlackRock is nearing a deal to buy private credit firm HPS Investment Partners.HPS would be another major private markets deal for the $11.5 trillion money manager.BlackRock, known for its ETFs, is hoping a shift to private markets will drive growth.Larry Fink is looking to close 2024 as he started it — by announcing a big acquisition that brings BlackRock closer to dominating private market investing.BlackRock, the $11.5 trillion asset manager, is reportedly nearing a deal to buy HPS Investm ...
BlackRock Finance (BLK) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2024-12-03 08:16
BlackRock Finance (BLK) closed at $1,020.11 in the latest trading session, marking a -0.26% move from the prior day. This change lagged the S&P 500's daily gain of 0.25%. Elsewhere, the Dow saw a downswing of 0.29%, while the tech-heavy Nasdaq appreciated by 0.97%.The the stock of investment firm has risen by 3.83% in the past month, lagging the Finance sector's gain of 4.93% and overreaching the S&P 500's gain of 3.51%.Investors will be eagerly watching for the performance of BlackRock Finance in its upcom ...
BlackRock Really Wants You To Own Their Option Income CEFs
Seeking Alpha· 2024-12-03 00:25
I would encourage you to read that article first because it's a goodIn late November 2012, or almost 12 years ago to the day, I wrote an article titled:Thank you for reading my article. My goal is to give you observations and actionable ideas in Closed-End funds while educating you on how these unique and opportunistic funds work.CEFs can be one of the most exhilarating and yet most frustrating security classes to invest in, and it's important that you have someone who can be a level head during up and down ...
Blackrock marks down its investment in Automattic by 10%
TechCrunch· 2024-12-02 20:27
核心观点 - Blackrock 在最新的季度披露报告中宣布,将其在网络托管提供商 Automattic 的股份价值削减了 10%[1] - Automattic 与竞争对手 WP Engine 之间的法律纠纷是估值下降的背景[1] 公司动态 - Blackrock 在 2021 年 Automattic 的 E 轮融资中进行了投资,当时对 Automattic 的估值为每股 37.5 美元,低于今年早些时候的每股 41.7 美元[1] - Automattic 的 CEO Matt Mullenweg 阻止 WP Engine 访问 WordPress.org,导致两家公司陷入法律纠纷[2] - WP Engine 正在寻求初步禁令,以恢复对 WordPress.org 的访问[2] 股权信息 - Blackrock 仅拥有 Automattic 的 0.6%股份,且在公司中没有投票权[2]