How does notorious vulture fund profit?

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BlackRock’s Blood and Tears-Fueled Rise: How Does Infamous Vulture Fund Make Its Money?

Sputnik International

Ilya Tsukanov

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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.

Lobbying against regulations, investing in residential properties, engaging in market manipulation, profiting from the COVID-19 pandemic, and fueling the US war machine are among BlackRock’s controversial practices.

UN officials have criticized BlackRock’s profiteering in Ukraine and Gaza, with concerns raised over the company’s arms industry investments.

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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