Vanguard weighs its edge in private equity

Vanguard weighs its edge in private equity

Vanguard Group CEO Mortimer J. “Tim” Buckley told investor clients that any expansion within alternatives for the firm, including in private equity, will depend on whether new products can pass a number of “basic tests,” before coming to...
BlackRock vows tougher stance on climate after activist heat

BlackRock vows tougher stance on climate after activist heat

BlackRock (BLK.N) Chief Executive Larry Fink warned company boards to step up efforts to tackle climate change, a significant shift by the world’s top asset manager as it faces mounting concerns about its fossil fuel investments. In his annual letter to CEOs posted on...