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BlackRock, Inc. is an American multinational investment company.Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, [3] with US$11.5 trillion in assets under management as of 2024. [2]
Black Rock, a nickname for the CBS Building in New York City; Black Rock Airport, New Mexico; Black Rock Dam (Schuylkill River), Pennsylvania; Black Rock Halt railway station, near Criccieth, Wales; closed in 1976; Black Rock Lock, the terminal lock on the Black Rock Canal, part of the Erie Canal; Blackrock railway station, in Blackrock, Dublin
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Very few asset managers had the appropriate personnel and expertise for this. BlackRock's offer to use Aladdin's analysis tools and databases for risk assessment met market demand and brought BlackRock a very broad customer base. [12] The financial crisis and Aladdin played a significant role in BlackRock's dominant market position today.
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