I have no idea why Blackrock is such a lightning rod for bad financial literacy. Blackrock is not a hedge fund. They are an asset manager. They take your money

I have no idea why Blackrock is such a lightning rod for bad financial literacy. Blackrock is not a hedge fund. They are an asset manager. They take your money and park it into the market for you. To the extent that they exercise any discretion over the market basically comes down to the stock blend they put into their otherwise very boring index fund options. (BTW, BlackSTONE was the company that was buying up houses.) > In me it seems more of an expression with a general dissatisifaction with the current massive conglomerates that seem to be ossfying into a defacto ruling class. Okay, sure. If you want to take down global capitalism, go for it. But functional pension programs rely on bond and investment markets to function. If French politicians are looking for ways to keep their pension programs from collapsing, attacking the mechanisms that service your pension programs dilutes your message.