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Pretty sure BlackRock doesn't care small money to them.
by boringg 3y ago
Pretty sure BlackRock doesn't care small money to them.
- xyst 3y agoBlackrock probably has $8.5B hidden in the couches at HQ
- SV_BubbleTime 3y agoI wish more people understood that Blackrock doesn’t have any much of its own money to toss around. The ESG push is from a couple billionaires and Gavin Newsome who has basically sole discretion of California’s 500 billion pension fund. Without Newsome and the gov of IL, ESG wouldn’t exist.
- boringg 3y agoThey generate pretty good fees based on their AUM.
- kstrauser 3y ago> Without Newsome and the gov of IL, ESG wouldn’t exist. "Without California and Illinois, a Republican would have won the presidency in 2020." Sure, but that's not the universe we live in.
- SV_BubbleTime 3y agoThat isn’t even close to the same thing. We aren’t talking about the 60,000,000 people in these states. Just two people.
- codethatwerks 3y agoAbout 0.085% of AUM Maybe a single rep cares? But not the whole company.
- jtbayly 3y agoYou're missing some zeros. 0.00085%, if my math is correct.
- codethatwerks 3y ago1% of 10T is 100B 0.1% of 10T is 10B
- jtbayly 3y agoHa! My math is not correct. Thank you!