Various hedgefunds have been really struggling. IDK about Blackrock as a whole, but I know that the company I currently work for was until very recently owned by Blackrock and shortly after the acquisition an investigation by the DOL concluded and the resulting media shitstorm caused a lot of customers to break contract in short succession. The company has not been profitable since then. Blackrock recently sold the organization to a large bank (I forget which one) presumably at quite a loss given how much the company has shrunk since they bought it (went from 30k employees down to around 15k!)
Various hedgefunds have been really struggling. IDK about Blackrock as a whole, but I know that the company I currently work for was until very recently owned by Blackrock and shortly after the acquisition an investigation by the DOL concluded and the resulting media shitstorm caused a lot of customers to break contract in short succession. The company has not been profitable since then. Blackrock recently sold the organization to a large bank (I forget which one) presumably at quite a loss given how much the company has shrunk since they bought it (went from 30k employees down to around 15k!)