Tag: Money Manager

  • Wall Streets $6 Trillion Man Fink Is Finally Worth $1 Billion

    BlackRock’s Larry Fink owns 0.7 percent of the money manager Schwarzman says unloading BlackRock was a “heroic” mistake Larry Fink, Starbucks coffee in hand, heading down Park Avenue. And there’s Bloomberg Billionaires Index. His holding in BlackRock is valued at $570 million with dividends, stock sales and compensation — $27.7 million in 2017 — making […]

  • Yale Endowment’s Casting Call Says All Inquiries Are Welcome!

    If you think winning a seat in Yale University’s freshman class is hard, try becoming a money manager for the school’s $27 billion endowment. Yale’s investment office, run by David Swensen for more than three decades, said in its annual report that it scours all kinds of sources — even social media — to find […]

  • BlackRock Seeks $10 Billion to Buy Stakes in Companies

    BlackRock Inc., the world’s largest money manager, is seeking to raise more than $10 billion to buy and hold stakes in companies. BlackRock, which oversees about $6 trillion in assets, is seeking capital from sovereign-wealth funds, pensions and other big investors for an effort named BlackRock Long-Term Private Capital, according to a person familiar with […]

  • After Decades of Hints, Buffetts Heir May Now Be More Apparent

    “If I die tonight, I think the stock would go up tomorrow.” That was Warren Buffett, addressing an arena full of shareholders at Ajit Jain. Greg Abel.

  • The Unlikely Strategy Behind Buffetts Investments in Encyclopedias

    Warren Buffett has eclectic taste in companies. Along with large, thriving businesses such as Geico and the BNSF Railway, he’s accumulated a collection of head-scratchers. There’s a bowling shoe brand, a maker of vacuum cleaner bags, almost three dozen newspapers, and the manufacturer of Ginsu knives. Then there’s World Book. Once sold to millions of […]