BlackRock assets soar with $30bn in alts growth in 2021
BlackRock reported that overall assets have hit the $10 trillion mark, with alternative investments growing by $30 billion over the last year, according to the firm’s fourth quarter earnings released today.
Illiquid and liquid alternatives along with currency and commodity strategies (including ETFs) grew to total $265 billion at year-end, according to the report.
“Our business is more diversified than ever before -- active strategies, including alternatives, contributed over 60% of 2021 organic base fee growth,” said CEO Laurence Fink in a statement. “Our industry-leading iShares ETF platform remained a significant growth driver . . .
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