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Can BlackRock Reach $5 Trillion in 2016?

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BlackRock NY

BlackRock Inc., the world’s largest asset manager, rivaling the size of the largest sovereign wealth funds, had US$ 4.645 trillion in assets under management (AUM) as of December 31, 2015. The company’s more conservative measure of long-term AUM is US$ 4.335 trillion. BlackRock will have challenges reaching US$ 5 trillion, as equity markets continue to fall in many markets across the globe. The asset management giant led by its CEO Laurence Fink experienced inflows from the Americas region, while outflows from Europe, the Middle East and Africa (EMEA). Did Gulf sovereign wealth funds have something to do with this? BlackRock’s official institutions group, which targets entities like sovereign funds, central banks and government ministries, in 2014 managed US$ 228.8 billion. Backing BlackRock are large institutional investors, such as Norway’s sovereign wealth fund being the second largest shareholder behind PNC Bank. The wealth fund as of 2014, hold around 7% of BlackRock’s shares.

Fink informed CNBC on its show Squawk Box on January 15th, that there’s “not enough blood in the street,” – meaning listed equity markets could go further down. Fink also stated on CNBC, “I actually believe you’re going to start to see more layoffs in the middle part of the first quarter and definitely in the second quarter…if we don’t see some swift rebound.”

BlackRock’s Flow Data

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Russia-Japan Investment Fund to Back Wood Pellet Production in Russia

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The Russian Far East has a lot of timber, and for that wood pellets is a source of biofuel. A while back, the Russian Direct Investment Fund (RDIF) formed the Russia-Japan Investment Fund (RJIF) with the Japan Bank for International Cooperation (JBIC). RDIF and JBICIG Partners as part of RJIF, together with RFP Group and Japan’s Prospect Co., Ltd. have agreed to collaborate and consider potential investments in Russia’s biofuel industry. JBICIG Partners is a subsidiary of the Japan Bank for International Cooperation.

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RDIF Lures Asian Investors Toward Russian Surgical Robot Project

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The Russian Direct Investment Fund (RDIF) is partnering with a number of unnamed Asian co-investors to allocate capital toward a project to create and manufacture Russian surgical robots. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Oman Infrastructure Investment Fund Near Creation

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The Oman State General Reserve Fund is nearing the formation of the Oman Infrastructure Investment Fund. This fund will raise capital from third-party investors to invest in Oman’s infrastructure and in certain areas of technology.

The fund will also invest in areas of technology in healthcare, specifically in medical equipment. The fund will also explore investing in blockchain technologies.

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