The deal fits with BlackRock's push into technology and illiquid alternatives, like private equity and real estate.
BlackRock agreed to buy Paris-based alternative investment management platform eFront for $1.3 billion last week.
BlackRock's latest technology deal comes with a big price tag - $1.3 billion - but not much surprise for those watching the company. Instead, the acquisition underscores how the $6 trillion company has been positioning itself as more than just a money manager. on the heels of strong demand for investment management platform Aladdin and digital wealth technologies.As asset management growth grinds to a halt, firms have to get creative. Here are the 3 avenues analysts say will best boost revenue.
But the eFront buy does further the company's technology ambitions, he said. BlackRock has evolved from a traditional money manager to a technology platform for institutional investors and those advising individuals. At a recent investor dinner, BlackRock chief executive Larry Fink and chief financial officer Gary Shedlin said the firm's top three growth areas are technology, retirement solutions, and alternatives, according to Morgan Stanley analysts.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
New Relic Sets Its Sights On $1 Billion In RevenueStrong demand for New Relic's APM platform puts the company on track to meet its major revenue milestone.
Lire la suite »
Flooding Hits Nebraska and Iowa’s Agriculture IndustriesNebraska’s agricultural sector could be facing nearly a billion dollars in damage and losses after a blizzard and record flooding across the Midwest, according to early estimates from state and industry officials.
Lire la suite »
The $1 Million HOA Blowup: It Started With the Misplaced Flower PotsA resident in a Kansas neighborhood, who says his freedom is being infringed, battles a homeowner association that says it is holding chaos at bay.
Lire la suite »
Lyft IPO could be '$1 billion or more' windfall for California's coffers: ex-state treasurerCalifornia could reap a bonanza of '$1 billion or more' in new taxes from the upcoming stock offering of ride-hailing service Lyft, according to former California State Treasurer John Chiang.
Lire la suite »
Warren Buffett offers $1 million for life for perfect Sweet 16 bracket (to employees only)Warren Buffett said that any employee of his company, Berkshire Hathaway, to accurately predict the Sweet 16 will win $1 million a year for life.
Lire la suite »
Glossier started as a beauty blog and is now valued at $1 billionGlossier is now a unicorn. The New York-based beauty brand is valued at $1.2 billion following its latest funding round, a source says
Lire la suite »
Makeup brand Glossier valued at over $1 billion in latest funding roundGlossier Inc, the online cosmetics company with a cult following among millennia...
Lire la suite »
11 creative ways people have made $1 millionGetting rich is a long-term game, for the most part — but there are some less conventional ways to make millions relatively quickly.
Lire la suite »
$1 billion Sequoia-backed data startup Health Catalyst has picked lead banks for its IPOHealth Catalyst, a Utah-based healthcare data startup, has taken early steps toward an initial public offering.
Lire la suite »
Trump Has Now Shifted $1.3M Of Campaign-Donor Money Into His BusinessDonald Trump has charged his own reelection campaign $1.3 million for rent, food, lodging and other expenses since taking office, according to a Forbes analysis of the latest campaign filings.
Lire la suite »