BlackRock and other major asset managers set corporate America's policies based on the money they receive from clients, which is frequently the retirement and pension funds of average American investors. Now, the investment giant BlackRock has lost $1.7 trillion of this money in six months.
According to a report released on Wednesday by Bloomberg analyst Marc Rubenstein, BlackRock has lost $1.7 trillion of its clients' money since the start of the year, the highest amount ever lost by a ...