Commentary

BlackRock’s drive into private assets should worry smaller rivals — again

The transparency its indexing plans could bring would put fees under serious pressure

The rest of the market should watch out when BlackRock makes waves
The rest of the market should watch out when BlackRock makes waves Photo: Francesco Carta fotografo/Getty Images

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Larry Fink thinks BlackRock can do in private markets what it did in passive investing. If he’s right, that would be very bad news for many of its rivals.

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Bank of New York Mellon Approached Northern Trust to Discuss Potential MergerExternal link

Bank of New York Mellon Approached Northern Trust to Discuss Potential Merger