BlackRock mansion: where $12T lives

Wed, 20 Jan 2021

If Larry Fink felt like it he could buy the entire New Zealand housing stock, record prices and all, and still have NZ$11 trillion to spare.Of course, Fink is merely chief executive of BlackRock, the world’s largest fund manager, not its king. He might face some governance push-back on the NZ house purchase proposal. Plus there’s the potential insulation expense on rental properties (those Pink Batts don’t come for free) and residual leaky home liabilities that could raise red flags at the BlackRock board level.For n...

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