BlackRock’s Blood and Tears-Fueled Rise: How Does Infamous Vulture Fund Make Its Money?
Sputnik International
US investment giant BlackRock has hit a new record on assets under management, topping $11.48 trillion in Q3 2024 – equivalent to the nominal GDP of Japan, India, and the UK combined, growing by nearly $2.4 trillion since Q3 2023. Explore how BlackRock makes its money.
BlackRock has been described as a classic vulture fund, prioritizing profits over ethics. With roots in the mortgage-backed security market, the company rose to global prominence during the 2007-2008 financial crisis.
Russian representative to the UN called out BlackRock, highlighting concerns over external corporate management of the world’s largest investment fund.
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