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BlackRock, Saba
BlackRock and Weinstein's Saba reach settlement in battle over closed-end funds
BlackRock and Saba Capital Management announced a standstill in a long-raging battle over the future of closed-end funds with the asset manager buying back shares in two portfolios and the hedge fund dropping demands for deep management changes.
BlackRock, Weinstein Reach Truce in Spat on Closed-End Funds
BlackRock Inc. stuck agreements with Boaz Weinstein’s Saba Capital Management that will end the activist-hedge fund’s battle with BlackRock over dozens of closed-end funds whose share prices had tumbled deeply below the value of their underlying assets.
Hedge fund Saba settles with BlackRock funds after activist battle
Boaz Weinstein’s Saba Capital has agreed to halt its activist battle against 50 BlackRock funds in exchange for a tender offer at two of them, as the hedge fund wages a broader war against the closed-end fund industry.
BlackRock Announces Board Approval of Closed-End Fund Reorganizations
BlackRock Advisors, LLC announced today that each of the Boards of Directors/Trustees of each of the closed-end funds named below (each, a "Fund" and collectively, the "Funds") has approved the following reorganizations (each,
1d
Into the BlackRock: World’s Largest Asset Manager Continues Firing on All Cylinders
BlackRock (BLK) reported record fourth-quarter and full-year earnings results as the world’s largest asset manager continued ...
12h
on MSN
Circle acquires Hashnote, which just overtook BlackRock in tokenized money market funds
The stablecoin giant is facing off against BlackRock in a bet that more money market transactions will move on to blockchain.
1d
on MSN
BlackRock executive outlines 'quality' playbook for the 2025 stock market
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Investors saw ...
6d
BlackRock assets hit record $11.6 trillion in fourth quarter
BlackRock posted a 21% fourth quarter jump in profit after buoyant equity markets increased income from fees and drove its ...
1d
BlackRock’s Hildebrand Says EU Needs Regulation ‘Wake-Up Call’
Europe’s financial industry is in danger of falling behind if the bloc and national governments don’t come up with way to ...
15h
BlackRock Announces Changes to BlackRock Innovation and Growth Term Trust (BIGZ)
BlackRock Advisors, LLC announced today that the Board of Trustees of BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) ...
2d
on MSN
1 BlackRock ETF to Buy Before It Soars Up to 140% in 2025, According to Certain Wall Street Analysts
Bitcoin ( BTC 1.30%) had a phenomenal year in 2024. The cryptocurrency returned 119%, easily outperforming the 23% gain in ...
4d
BlackRock’s Amped Up ETF Taps Into Wall Street’s Stock Anxiety
BlackRock Inc. is tapping into a fast-growing corner of the options-powered ETF world with an offering aimed at Wall Street ...
6d
on MSN
BlackRock Stock Rises as Firm Sets Record for Assets Under Management
BlackRock ( BLK) shares rose 4% Wednesday morning as the asset manager posted better-than-expected quarterly results on ...
4d
on MSN
BlackRock Agrees to New ESG Disclosures in Tennessee Settlement
(Reuters) - Tennessee Attorney General Jonathan Skrmetti announced a settlement with BlackRock on Friday, resolving ...
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