- Bloomberg
BlackRock Muscles Into Private Assets Market for Wealth Clients
(Bloomberg) -- BlackRock Inc. is expanding further into private-markets investing, striking a new partnership to include the assets alongside traditional ETFs and mutual funds in model portfolios pitched to wealthy US retail clients.Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorVolkswagen Invests $5 Billion in EV Startup Rivian to Form Joint VentureTrump Could Actually Lose Florida. Here’s Why.Nvidia Rout Takes Breather as Traders Scour Charts
- Reuters
BlackRock directors keep seats at six funds in proxy battle with Saba
BlackRock held onto board seats at six closed end funds last week after investment firm Saba Capital Management did not secure enough votes to replace directors or fire the fund manager, according to data released by BlackRock on Tuesday. "Based on the preliminary results from last week's shareholder meetings, it is clear that shareholders have rejected both Saba's nominees and its efforts to displace BlackRock as investment advisor to the Funds," BlackRock said in a statement. Saba, run by prominent investor Boaz Weinstein, and BlackRock, the world's biggest asset management company with more than $10 trillion in assets under management, have been locked in battle for months over the future of 10 BlackRock closed end funds.
- Investor's Business Daily
Cryptocurrency Prices And News: Bitcoin Falls To June Lows On 'Summer Blues'
Cryptocurrency News: Cryptocurrency prices fell Monday as bitcoin dropped to a new June low. Meanwhile, JPMorgan on Monday noted that bitcoin miners are seeing greater interest from investors for artificial intelligence purposes. The Securities and Exchange Commission on May 23 approved 19b-4 forms for eight ether ETF applications, paving the way for spot ethereum ETFs to launch later this year.
