In our global economy there are firms who dominate their markets which has given them global recognition. These companies range from global banks to oil companies and even consumer goods firms. Citigroup, Bank of America, JPMorgan Chase, Exxon Mobile, BP, Shell, Apple, McDonalds and Nestle are just a handful who fall in this category, which some may refer to as "kings" of their markets. However above all the kings reigns a god, in this story its the world's biggest investors Black Rock. It is the single biggest shareholder in all the companies listed above. It owns a stake in almost every listed company not just in America but globally. On top of this their wealth extends into hedge funds, corporate bonds, commodities, sovereign debts (amount of money a government borrows) and much more. With $4.1 trillion invested in directly controlled assets and a further $11 trillion overseeing its trade platform, known as Aladdin, Black Rock deserves a bigger status than its current lowly status. Another factor that has resulted in their success is their finely tuned risk management models, which have enabled them to invest into big companies with minimal risk.
http://econ.st/1aDIXWr
http://www.economist.com/news/leaders/21591174-25-years-blackrock-has-become-worlds-biggest-investor-its-dominance-problem

2 comments:
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