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BlackRock Chief Executive Officer Larry Fink is proposing a new tweak to an age-old investing formula. Instead of a traditional 60/40 split between stocks and bonds, the prominent asset manager wants everyday investors to branch out and diversify into private market assets. “The future standard portfolio may look more like 50/30/20 — stocks, bonds, and
FIRST ON THE DAILY SIGNAL–A federal court ruling regarding ESG investing with BlackRock could put public pension funds on the defense, a consumer group is warning. Consumers’ Research sent letters to the largest public pensions boards in each state Tuesday warning BlackRock’s focus on ESG–an acronym for environmental, social, and governance–could lead to serious liabilities