Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”

Important Takeaways:

• Here are 9 fascinating facts to know about BlackRock, the world’s largest asset manager
• BlackRock, the world’s largest investment manager, has become an increasingly influential Wall Street player in Washington, DC.
• Former BlackRock investment executive Brian Deese leads Biden’s National Economic Council, effectively serving as his top advisor on economic matters.
• Biden also tapped Adewale “Wally” Adeyemo, a former chief of staff to BlackRock chief executive and longtime Democrat Larry Fink, to serve as a top official at the Treasury Department.
• Michael Pyle, BlackRock’s former global chief investment strategist who had worked in the Obama administration before joining the firm, serves as chief economic advisor to Vice President Kamala Harris.
• So what else should you know:
  • BlackRock oversees $10 trillion, making it the largest money manager in the world.
  • It runs a massive technology platform that oversees at least $21.6 trillion in assets.
    • In 1999, BlackRock started selling Aladdin, which analyses and tracks investors’ portfolios and can help professional money managers spot risks. Today, it is a juggernaut widely used in the money management industry and beyond.
    • “Vanguard and State Street Global Advisors, the largest fund managers after BlackRock, are users, as are half the top 10 insurers by assets, as well as Japan’s $1.5tn government pension fund, the world’s largest. Apple, Microsoft, and Google’s parent firm, Alphabet — the three biggest US public companies — all rely on the system to steward hundreds of billions of dollars in their corporate treasury investment portfolios.
  • BlackRock has hired many former government officials into senior roles.
  • The firm played a significant role in aiding the Federal Reserve in early 2020.
  • The Federal Reserve tapped BlackRock during the last financial crisis, too.
  • Fink has been vocal on matters of climate change, urging other companies’ leaders to consider the associated risks.

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