Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

BLACKROCK, INC.

(BLK)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BlackRock to buy Baringa Partners' climate tech for Aladdin

06/17/2021 | 04:07am EDT
FILE PHOTO: The BlackRock logo is pictured in New York City

LONDON (Reuters) - BlackRock said on Thursday it had agreed a deal with Baringa Partners to buy the consultancy's climate-modelling technology for use in its Aladdin risk management system.

Aladdin, used by money managers running trillions of dollars in assets to help build portfolios and manage the investment process, is an increasingly important revenue driver for BlackRock, which itself manages around $9 trillion in assets.

Baringa's modelling, meanwhile, is used by governments and financial services companies to manage climate risk and plan their transition to a lower-carbon economy.

The long-term partnership will see BlackRock, the world's largest asset manager, acquire Baringa's Climate Change Scenario Model and integrate it into Aladdin.

"Investors and companies are increasingly recognising that climate risk presents investment risk. Through this partnership with Baringa, we are raising the industry bar for climate analytics and risk management tools, so clients can build and customise more sustainable portfolios," said Sudhir Nair, Global Head of the Aladdin Business at BlackRock.

The deal comes as a growing number of investors around the world pledge to align their portfolios with the global effort to cap greenhouse gas emissions by mid-century.

Financial details were not disclosed, nor were the terms of the partnership agreement.

(Reporting by Simon Jessop; Editing by Pravin Char)

By Simon Jessop


ę Reuters 2021
All news about BLACKROCK, INC.
08/02Investors in Collapsed Woodford Fund Face Further Wait as Asset Sale Drags On..
DJ
07/29EXo Imaging, Inc. announced that it has received $220 million in funding from..
CI
07/28MARKET CHATTER : Lloyds Banking Reportedly Reaches Deal to Acquire Embark for 40..
MT
07/28NOKIAN TYRES : Disclosure under chapter 9, section 10 of the securities market a..
AQ
07/27NESTE OYJ : Notification under Chapter 9, Section 10 of the Finnish Securities M..
AQ
07/27Psiquantum Corp. announced that it has received $450 million in funding from ..
CI
07/26SECTOR UPDATE : Energy Stocks Extending Gains After Crude Oil Pares Earlier Loss..
MT
07/26SECTOR UPDATE : Energy Stocks Rising Despite Monday Fall in Crude Oil Prices
MT
07/26NOTIFICATION UNDER CHAPTER 9, SECTIO : direct and indirect holdings of BlackRock..
AQ
07/23BLACKROCK : Insider at BlackRock (BLK) Makes Significant Sale of Stock
MT
More news
Financials (USD)
Sales 2021 19 283 M - -
Net income 2021 5 733 M - -
Net cash 2021 3 643 M - -
P/E ratio 2021 23,5x
Yield 2021 1,85%
Capitalization 134 B 134 B -
EV / Sales 2021 6,76x
EV / Sales 2022 6,07x
Nbr of Employees 16 700
Free-Float 87,7%
Chart BLACKROCK, INC.
Duration : Period :
BlackRock, Inc. Technical Analysis Chart | BLK | US09247X1019 | MarketScreener
Technical analysis trends BLACKROCK, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 880,21 $
Average target price 974,58 $
Spread / Average Target 10,7%
EPS Revisions
Managers and Directors
Laurence Douglas Fink Chairman & Chief Executive Officer
Robert Steven Kapito President & Non-Independent Director
Gary S. Shedlin Chief Financial Officer & Senior Managing Director
Derek N. Stein Global Head-Business Operations & Technology
Robert L. Goldstein Chief Operating Officer & Senior Managing Director
Sector and Competitors