BlackRock’s latest green climbdown

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Financial Times 11h ago

BlackRock’s latest green climbdown - Financial Times

Quick Summary:

Boaz Weinstein, founder of New York-based hedge fund Saba Capital, has said he wants to be a “white knight” for UK investors and the London stock market by buying into the £266bn investment trust sector.

Multi-manager hedge funds Citadel and Millennium Management were among the winners in what was overall a strong year for the global hedge fund industry.

The FDIC wants BlackRock to sign “passivity agreements” that would subject it to compliance audits to insure that it is not using its large stakes to pressure management on issues such as sustainability.