BlackRock is big Japanese pensions winner: FT
BlackRock, and CEO Larry fink, has been the big winner of the decision by the world’s largest pension fund to invest half of its assets in equities, report Chris Newlands from FT.
BlackRock, the US investment giant and world’s largest fund manager, increased the assets it runs on behalf of government-related pension schemes in Japan, says the report.
The rise saw BlackRock become the second-largest manager of defined benefit pension assets in Japan behind Sumitomo Mitsui Trust, according to data from the Japan Pensions Industry Database.
Blackrock
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