TEK2day

Operating at the Intersection of Technology and the Capital Markets

    Tag: BlackRock

    • Twitter & BlackRock: Change In Name Only

      Elon Musk’s Twitter announced a new CEO and Larry Fink’s BlackRock (tkr: BLK), is working to identify Fink’s replacement. So long as Messrs. Musk and Fink are involved with Twitter and BlackRock respectively, they will be setting strategy and keeping their finger on the pulse if not involved with the day-to-day minutiae. Musk named NBCUniversal’s…

    • BlackRock’s Missed Cloud Opportunity

      The ETF giant missed an opportunity years ago to build its version of the App Store for Capital Markets-related financial technology. BlackRock (tkr: BLK), announced a partnership with Snowflake (tkr: SNOW), earlier this week. Per the partnership BlackRock will introduce Aladdin Data Cloud where clients may access pre-defined Aladdin data sets, proprietary client data and…

    • Fed’s Rosengren Anxious To Show He Can Spend With The Best

      No Federal Reserve official is going to balk at the opportunity to print and spend money, expanding upon the Fed’s debt-financed portfolio. Federal Reserve Bank of Boston President Eric Rosengren is chomping at the bit to execute the Fed’s Main Street Lending Program. The Credit Markets Are Functioning Properly The Fed’s emergency stimulus was supposed…

    • BlackRock and Disney Have This in Common…

      The asset management game is all about Assets Under Management (“AUM”). The entertainment game is all about “IP”. By the way, Bob Iger likes Bond. Asset Management & Entertainment Share a Hunger for Assets Over the past decade asset managers have shifted away from active management and alpha generation in favor of index funds and…

    • The PE Model Is Unsustainable

      PE firms can’t cut their way to prosperity in perpetuity.  Strategic Acquirers We applaud when strategic acquirers defeat PE buyers for coveted assets (for a list of strategic acquirers that do M&A well click here). Our rationale is that strategic acquirers are typically motivated to optimize acquired assets so as to maximize ROIC over the…

    • Corporate Governance & Communicating Your Long-Term Strategy

      BlackRock (tkr: BLK) is going “activist” within the passive investment (i.e. index funds) side of their house. Regardless of whether or not you agree with the approach (we don’t entirely agree with the social activist element nor the activist approach to passive funds) there is great merit to the idea of holding public company management…