Jonny Fry Posted
Are we to see an asset management war?
Blackrock — the biggest asset manager in the world with over $6.28 trillionundermanagement — is capitalised at $72.billion and, during the quarter ending 31stMarch 2019, generated $3.246 billionof revenue. Facebook is valued at $550 billionand, as at March 2019, it had over 2.38 billion users and generated $15.08 billion of revenue. Blackrock only has $6.49 billionof net cash and short term investments, compared to Facebook’s $41.12 billionof cash and short terms investments. Despite Blackrock’s size and global reach (having offices in over 100 countries) it is still very dependent on the Americas as they make up 62%of...
Blackrock — the biggest asset manager in the world with over $6.28 trillionundermanagement — is capitalised at $72.billion and, during the quarter ending 31stMarch 2019, generated $3.246 billionof revenue. Facebook is valued at $550 billionand, as at March 2019, it had over 2.38 billion users and generated $15.08 billion of revenue. Blackrock only has $6.49 billionof net cash and short term investments, compared to Facebook’s $41.12 billionof cash and short terms investments. Despite Blackrock’s size and global reach (having offices in over 100 countries) it is still very dependent on the Americas as they make up 62%of...