Will 2022 Be Known as The Year BlackRock Lost its Edge?
The world's largest asset manager, BlackRock, has seen trillions knocked off the value of its listed equities holdings over the last decade because it failed to address stranded asset risk in several industries, according to market and finance experts.
That’s BlackRock’s Big Problem.
However, it has ended 2022 deeply, troublingly right in the middle of both. The asset manager is no longer circumnavigating the political quagmire, but is instead playing — and getting stuck — in the muck.
This begs the question: Has BlackRock lost its edge?
Forecasts say that BlackRock might have another 30% loses in 2023.
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